Lessons from the financial crisis | 83 comments (83 topical, editorial, 0 hidden)

Re: Whether the USD is overvalued, undervalued (none / 1)

What is it with the goldbuggery?

Think it comes down to:

Humans have a decided preference, like magpies, for finding and hording bright shiny objects.
People who think too much and too long about money and monetary policy go insane.

:-)

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Tue Apr 26th, 2011 at 12:07:20 PM EST
[ Parent ]

Re: Whether the USD is overvalued, undervalued (4.00 / 3)

But it needs to be rare, shiny objects.

Aluminium - Wikipedia, the free encyclopedia

Although aluminium is the most abundant metallic element in the Earth's crust, it is never found in free, metallic form, and it was once considered a precious metal more valuable than gold. Napoleon III, Emperor of France, is reputed to have given a banquet where the most honoured guests were given aluminium utensils, while the others made do with gold.^[19]^[20] The Washington Monument was completed, with the 100 ounce (2.8 kg) aluminium capstone being put in place on December 6, 1884, in an elaborate dedication ceremony. It was the largest single piece of aluminium cast at the time, when aluminium was as expensive as silver.^[21] Aluminium has been produced in commercial quantities for just over 100 years.

Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se

by A swedish kind of death on Wed Apr 27th, 2011 at 03:26:13 AM EST
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Re: Whether the USD is overvalued, undervalued (none / 0)

Yeah, --but to the magpie, it doesn't matter whether the gum wrapper is Wrigley's or Juicy Fruit. :-)

Capitalism searches out the darkest corners of human potential, and mainlines them.

by geezer in Paris (risico at wanadoo(flypoop)fr) on Sat Apr 30th, 2011 at 01:46:35 AM EST
[ Parent ]

Lessons from the financial crisis | 83 comments (83 topical, 0 editorial, 0 hidden)