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PeakOil is You

PeakOil is You

Humiliation as a Tool of Blackmail - Russia and the West

For discussions of events and conditions not necessarily related to Peak Oil.

Re: Humiliation as a Tool of Blackmail - Russia and the West

Unread postby radon1 » Tue 30 Jun 2015, 07:37:05

davep wrote: What did Marx have to say about the creation of money?


Nothing spectacular. He thought that the money are worth as much as it costs to mine the gold from which they are minted. As orthodox as any orthodox economics textbook.
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Re: Humiliation as a Tool of Blackmail - Russia and the West

Unread postby SeaGypsy » Tue 30 Jun 2015, 07:45:08

Spectacularly stupid & not orthodox economics at all, else just let people print their own or whatever. Currency starts off as deemed value & is worth agreed value. A postage stamp can go from a cent to a million dollars & a million dollars may not buy you a postage stamp. That's economics, not what it costs to mint coins.

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