The Great Real Estate Bubble

[messianicdruid]

A male and a female meet and reproduce...and create 3 more human beings...They exchange their production with one another, with no middle man/woman providing a "store of value" or a "medium of exchange"

It started out 2 and now there are 5...Looks like the reproduction system inflates pretty good...

In your childish example, although the number of humans has increased, their value has not decreased. When the number of FRNs are increased their value decreases because there is no corresponding increase in value. FRNs have no intrinsic value.

You cannot put a monetary value on human beings, unless you are the type of person who can create money out of thin air, and then use it to steal the lifes {productivity} of others.


"We might think of dollars as being 'certificates of performance.' The better I serve my fellow man, and the higher the value he places on that service, the more certificates of performance he gives me. The more certificates I earn, the greater my claim on the goods my fellow man produces. That's the morality of the market. In order for one to have a claim on what his fellow man produces, he must first serve him." - Dr. Walter E. Williams

[Juristic Person]

In your childish example, although the number of humans has increased, their value has not decreased. When the number of FRNs are increased their value decreases because there is no corresponding increase in value. FRNs have no intrinsic value.

You cannot put a monetary value on human beings, unless you are the type of person who can create money out of thin air, and then use it to steal the lifes {productivity} of others.]

TET is right on this one. The Fed DOES create money out of thin air.

While you can't put a "value" on a human life, you can use a human life as collatoral to support new credit.

This is exactly how our system works and it is exactly why they won't close the border.

[XOX]

"We might think of dollars as being 'certificates of performance.' The better I serve my fellow man, and the higher the value he places on that service, the more certificates of performance he gives me. The more certificates I earn, the greater my claim on the goods my fellow man produces. That's the morality of the market. In order for one to have a claim on what his fellow man produces, he must first serve him." - Dr. Walter E. Williams
This one of the most stupidest thing I've ever heard. This Williams guy has a Ph.D. in economics, but can't even grasp simple common sense. I assume when he talks of dollars, he meant money. Money is not a "certificate of performance." Money is just a medium of exchange all based on faith that the next person with accept just as you did.

"The better I serve my fellow man, and the higher the value he places on that service, the more certificates of performance he gives me."

I heard that Paris Hilton will be paid $20 million by the Learning Annex as a speaker. How is Paris' "certificate of performance" compared to a firefighter, a teacher, a doctor?

"morality of the market"?

[Juristic Person]

This one of the most stupidest thing I've ever heard.

You are one to talk...

[messianicdruid]

TET is right on this one. The Fed DOES create money out of thin air.

While you can't put a "value" on a human life, you can use a human life as collatoral to support new credit.

This is exactly how our system works and it is exactly why they won't close the border.

I understand that TET is right "about this one", but "this one" this "system" which is not "ours" is in the process of collapsing and we must be ready to survive through the aftermath. The "souls of men" can be used as collatoral {Rev. 18:11-13} as the "merchants of the earth" have done, but it is wrong. And because it is wrong it is unsustainable. In a moral system you wouldn't need certificates of performance to force people to serve one another. That is the hole in Williams' comment, as well as the Fed's system.

God has allowed this so we {the survivors} will not make the same mistake again. We were warned about this happening and ignored the warning. The "willingly ignorant" have "sown to the wind", and now "we shall reap a whirlwind". My purpose is to get us thinking about what is next.

[flash91]

TET is right on this one. The Fed DOES create money out of thin air.

While you can't put a "value" on a human life, you can use a human life as collatoral to support new credit.

This is exactly how our system works and it is exactly why they won't close the border.


I've been thinking about "putting a value on human life" mostly because of an
argument I had on dailykos about property rights.

Is a human life invaluable?

Lets say a human life is priceless. If it were then each piece would be
priceless (to clarify - man hours) But man hours do have a buy/sell price
in the world, scaled based on experience and skill set.

Assuming that as experience goes on, the price of a human life should be:

---- estimated lifespan
\
/ (age * (# dollars/hr) * (man hours per year))
---- age 16

(thats an attempted sigma above)

I've left out some of the factors because I am thinking about this off the cuff.

The point is almost everyone trades "priceless" for a price.

Where I thought about it was "how much property damage can you do" before
you should have to be fined "your life". The kos kids couldnt accept that
property is a function of life, but that's because they are caught in a
groupthink.


Hmm this is kind of threadjacking.

[messianicdruid]

Where I thought about it was "how much property damage can you do" before you should have to be fined "your life".

Good question. True justice is based on restoration rather than punishment. When you do "property damage" you are responsible to restore to the owner whatever you destroyed, how ever long it took. If you are incapable of this your life is forfeit.