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*cries*
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The argument that objects and labor have objective value always degenrates to an argument that there is no private property (including one's labor as property).
Why?
Look at the skin vs. cash. If private property is respected, what any person thinks other than the tribe members and the westerner is irrelevant since we are not part of the transaction and have no say in whether the transaction happens or which item the tribespeople pick. Since the only thing affecting the tranaction is how the tribespeople feel about the choice, they most certainly are placing a value on one item over the other. No one else can. How you or I feel about the value of the skin vs. the cash is irrelevant since we are not part of the transaction.
The only way other people can affect the outcome is if private property is not respected and you don't allow the transaction to happen. If the westerner is not allowed to freely give away his property, it is not really his property.
Similarly, if you cannot agree to trade your labor for a particular amount of money, you don't really own your own labor. So by setting an "objective" value to a person's labor you are in essence taking away that person's ownership of the labor since they are no longer free to trade it for what they want.
By the way, I am a direct descendant of William Penn, who founded Pennsylvania. As a Quaker, he was certainly was not a slave owner. Yet he was most definitely a founder of the US. How can that be?Last edited by Brizey; December 7, 2007, 15:38.Got my new computer!!!!Comment
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OH NOOOES!!! Another Texan!!!
Greeting btw.
Spec.-Never argue with an idiot; He will bring you down to his level and beat you with experience.Comment
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How anyone feels about the value of either asset is irrelevant. It's a fact that the cash is more valuable than the skin because you can pick the cash and trade it for more skin. The only reason a rational person would choose the skin is if they are ignorant of that fact. Not because they have a greater taste for skin. Even if they prefer skin it is rational to choose the cash.Originally posted by Brizey
Look at the skin vs. cash. If private property is respected, what any person thinks other than the tribe members and the westerner is irrelevant since we are not part of the transaction and have no say in whether the transaction happens or which item the tribespeople pick. Since the only thing affecting the tranaction is how the tribespeople feel about the choice, they most certainly are placing a value on one item over the other. No one else can. How you or I feel about the value of the skin vs. the cash is irrelevant since we are not part of the transaction.
Now there's some apologist BS if I ever heard any.The only way other people can affect the outcome is if private property is not respected and you don't allow the transaction to happen. If the westerner is not allowed to freely give away his property, it is not really his property.
Similarly, if you cannot agree to trade your labor for a particular amount of money, you don't really own your own labor. So by setting an "objective" value to a person's labor you are in essence taking away that person's ownership of the labor since they are no longer free to trade it for what they want.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Undervalued : A stock or other security that is trading below its true value.
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Investopedia
I take pity on you folks.
I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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You won't tell us the true value, so thats is irrelevant.
From your source, the market gives you a true value that is objective that it is comparing the traded value to to come up with "undervalued"
You Fail."The DPRK is still in a state of war with the U.S. It's called a black out." - Che explaining why orbital nightime pictures of NK show few lights. Seriously.Comment
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That is a piss poor definition. Undervalued means it is being traded below its potential value.Originally posted by Kidicious
Undervalued : A stock or other security that is trading below its true value.
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Investopedia
I take pity on you folks.
You are just another one of the long line of socialist elites that like to think for and make decisions for other people.Got my new computer!!!!Comment
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THERE IS A TRUE VALUE!!!!!!!Originally posted by Patroklos
You won't tell us the true value, so thats is irrelevant.
From your source, the market gives you a true value that is objective that it is comparing the traded value to to come up with "undervalued"
You Fail.
cased closedI drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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And you are qualified to says so why??????Originally posted by Brizey
That is a piss poor definition. Undervalued means it is being traded below its potential value.
wtf?!You are just another one of the long line of socialist elites that like to think for and make decisions for other people.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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grog want tank...Grog Want Tank... GROG WANT TANK!
The trick isn't to break some eggs to make an omelette, it's convincing the eggs to break themselves in order to aspire to omelettehood.Comment
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An undervalued stock is undervalued because traders do not yet understand it's value. This is the stock you look for to make money in the stock market. In a nutshell that is how markets and capitalism works.Originally posted by Brizey
That is a piss poor definition. Undervalued means it is being traded below its potential value.
Potential value doesn't do anything. A potential value can be anything. It doesn't make things happen in the economy.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Actually, I IM'ed my wife. She has a master degree in finance. I'm just a dumb engineer.
And this is TF: you want to make the tribesperson's decision for him because you know better.
Anyway, I am outta here.Got my new computer!!!!Comment
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Originally posted by Brizey
Actually, I IM'ed my wife. She has a master degree in finance. I'm just a dumb engineer.
And this is TF: you want to make the tribesperson's decision for him because you know better.
Anyway, I am outta here.
Holy **** dude. I never said I wanted to make his decision. I wouldn't mind preventing him from being ****ed over because he's ignorant of the way the economy works though. Texas? Yah, figures.
I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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If you are representative of teh commies who hope to overthrow teh current system, teh rest of us have nothing to worry about
THEY!!111 OMG WTF LOL LET DA NOMADS AND TEH S3D3NTARY PEOPLA BOTH MAEK BITER AXP3REINCES
AND TEH GRAAT SINS OF THERE [DOCTRINAL] INOVATIONS BQU3ATH3D SMAL
AND!!1!11!!! LOL JUST IN CAES A DISPUTANT CALS U 2 DISPUT3 ABOUT THEYRE CLAMES
DO NOT THAN DISPUT3 ON THEM 3XCAPT BY WAY OF AN 3XTARNAL DISPUTA!!!!11!! WTFComment
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You don't need to worry about me anymore than I need to worry you. We are each just one man.Originally posted by LordShiva
If you are representative of teh commies who hope to overthrow teh current system, teh rest of us have nothing to worry about
I would have given 10 to 1 odds though that you would make the discussion turn in this direction though. You are so predictable.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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