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The symbolic value of Fiat Currency.
 
#8
Value is defined but it is dynamic, and so it's never stable. It is easier to see in large scale markets such as say oil, where there is a lot of people constantly selling and buying and so the price shifts back and forth, so the value is defined at a given point in space-time. Because transport cost and local supply and demand differences.

Fixed prices are an impossibility in a dynamic capitalist economy, no matter what the medium of transfer is (barter, tomatoes, precious metals, fiat currency, bits, solutions to cryptographic puzzels, etc). Everything has value only because you can get something else for it. If you can't it's worthless, ie: value of zero or less. The wonder of the currency systems is that people over a large area agree on the value of something that they measure the value of other things by, including other currency systems.
E: "Did they... did they just endorse the combination of the JSDF and US Army by showing them as two lesbian lolicons moving in together and holding hands and talking about how 'intimate' they were?"
B: "Have you forgotten so soon? They're phasing out Don't Ask, Don't Tell."
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Messages In This Thread
The symbolic value of Fiat Currency. - by Jinx999 - 02-18-2010, 08:57 PM
[No subject] - by Bob Schroeck - 02-18-2010, 09:28 PM
[No subject] - by ECSNorway - 02-18-2010, 10:01 PM
[No subject] - by robkelk - 02-19-2010, 03:09 AM
[No subject] - by Black Aeronaut - 02-20-2010, 08:26 AM
[No subject] - by Bob Schroeck - 02-20-2010, 05:05 PM
[No subject] - by Black Aeronaut - 02-20-2010, 07:39 PM
[No subject] - by CattyNebulart - 02-20-2010, 08:27 PM
[No subject] - by Black Aeronaut - 02-21-2010, 10:29 AM

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