The idea is complete crap. Money can not create value. Only work creates value. It's nothing but smoke and mirrors.
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Time Value of Money
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Another DanS Certified Fvcked Up Thread.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891
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Time is Money
Work creates things of value.
Things of value cost money.
Time spent working is time spent making money.
Time not spent working is wasted.
Time is money
In conclusion:
Time
Money
Ted Striker
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Money is a "store of value" by definition. Perception and evaluation of the "store of value" by economic agents in a free market economy does produce changes in the value which are not connected to labor. It's a free market after all.
I'm guessing DanS has made this point before...Haven't been here for ages....
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Kid doesn't believe in being able to "store value" (i.e. capital)“It is no use trying to 'see through' first principles. If you see through everything, then everything is transparent. But a wholly transparent world is an invisible world. To 'see through' all things is the same as not to see.”
― C.S. Lewis, The Abolition of Man
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Re: Time Value of Money
Originally posted by Kidicious
The idea is complete crap. Money can not create value. Only work creates value. It's nothing but smoke and mirrors.You don't get to 300 losses without being a pretty exceptional goaltender.-- Ben Kenobi speaking of Roberto Luongo
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oh and kid for most people money IS given to them for their work. The value of the work is exchanged for the value of the money.
So would you acknowledge a time value of work? If not, I have 2 years worth of manufacturing labour work to be done and in return I will do 2 years of manufacturing labour work for you 20 years from now (ironclad guarantee). fair deal?You don't get to 300 losses without being a pretty exceptional goaltender.-- Ben Kenobi speaking of Roberto Luongo
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