Time Value of Money

[Dauphin]

I haven't read the thread, its too painful....so here is my reply to the first post that is obviously so intelligent no-one has been able to respond to it to Kid's exacting standards:

Money doesn't create or have inherent value, unless of course you use it, and when you use it effects how much it is valued at.

You are thus refuted.

[Myrddin]

Time value of money. The idea is complete crap
Remember posting that


So where are your arguments that say that time has no effect on the value of money or did you just get the thread title wrong?

[Kidlicious]

Originally posted by Myrddin
Time value of money. The idea is complete crap
Remember posting that


So where are your arguments that say that time has no effect on the value of money or did you just get the thread title wrong?

Put the whole post up and read the whole thread Rockhead.

Typical crap that goes on here. Jesus!

[Kidlicious]

Originally posted by Dauphin
I haven't read the thread

Don't claim to even know what the hell people are talking about then. Let alone claim to refute them. Isn't that ******* obvious enough!

[David Floyd]

True, the value of the one computer would be more because of the law of diminishing utility.

In other words, value would change based on something other than labor.

What's false is that the price equals the value.

In a free market, price is a good measure of value. If the price is perceived as too high, then people will decide that their money is more valuable than the product. Remember, price references money, which also has a certain perceived value. If I need to make a decision to spend money, I have to decide whether the money or the good/service is more valuable.

It doesn't in either case, simply because the price includes all kinds of fees that are not payments for creating that good. Interest on money is one of those fees.

And if that price goes too high, then people will decide that their money is more valuable than the product or service. Some people will disagree, and will be willing to pay a higher price, but if most people think the price is too high, then competition and the desires of the public will drive the price down.

The bottom line is that a product has absolutely no value when it's sitting on the shelf at the store. It only has value - to the consumer, the retailer, and the manufacturer - when someone decides to buy it.

These are all side points, though. You've already agreed several times that value is relative rather than absolute, which was my original point. Now the last step is for you to agree to the obvious - that the relativity of value is based simply on perceptions.

[Dauphin]

Originally posted by Kidicious


Don't claim to even know what the hell people are talking about then. Let alone claim to refute them. Isn't that ******* obvious enough!

You said address the first post, so I did.

[Myrddin]

OK lets make it simple

1 You are are arguing that money can't create value

Fine by me


2 I am asking about a different issue- the effect of time on the value of money (aka the Time value of money) which you say is complete crap, but all your arguments are about point 1. If you don't want to address point 2 then this thread really is a dead loss

[JohnT]

Kid probably views time as a limitless resource, one that should have no effect on the value of anything.

[David Floyd]

In the Kidiverse, all resources seem to be unlimited.

[Kidlicious]

Originally posted by Myrddin
OK lets make it simple

1 You are are arguing that money can't create value

Fine by me


2 I am asking about a different issue- the effect of time on the value of money (aka the Time value of money) which you say is complete crap, but all your arguments are about point 1. If you don't want to address point 2 then this thread really is a dead loss

I already told you that I'm not arguing that you don't get a return on money invested.

You're doing the same thing the rest of these people are doing.

edit: added the word don't. Now you guys have a real reason to be confused.

[Kidlicious]

Originally posted by JohnT
Kid probably views time as a limitless resource, one that should have no effect on the value of anything.

You never read what people write, or you are just a big troll.

[Natalinasmpf]

Tell you what . .. you give me 100,000 today and I'll give you back your 100,000 a year from now PLUS I'll mow your lawn ( giving you some work value).

What about inflation?

[Shogun Gunner]

Results? -- well, a "Kid-sized" edition

So, after a rousing debate where many old ideas were rehashed, restated, repeated to everyone's satisfaction, we have some results.

Kidicious has raised one question which was answered (repeatedly) by many individuals on this thread. The following posters to this thread are hereby informed that they have wasted their time talking to a wall:

Aneeshm
Arrian
Asher
Boshko
DanS
Dauphin
David Floyd
DAVOUT
Drachasor
Dudemanjack
Flip McWho
Flubber
FredKarno
Imran Siddiqui
Iskandar Reza
Japher
JohnT
Kontiki
Kuciwalker
Mercator
MichaeltheGreat
Ming
Moral Hazard
Myrddin
Natalinasmpf
Odin
Pchang
Saras
Self Biased
Shogun Gunner
Skanky Burns
Solomwi
Ted Striker

[Kidlicious]

[Saras]

It's good that you can laugh at yourself.