On Wed, Dec 10, 2003 at 05:03:25PM -0500, Marcus Brubaker wrote:

in order to encourage internal industries. The key is that money is a commodity and its value is dictated by supply and demand just like everything else. The benefit of using a currency over hard goods is precisely that it can be borrowed without it actually existing. You can't borrow a loaf of bread that doesn't exist, but you can borrow money which doesn't really exist. This allows investment and economic growth that wouldn't otherwise be possible.

Ah, but money doesn't really exist either. It only has value because everyone agrees that it has value, usually as a direct result of a government backing it with actual resources, or a reputable promise of having resources. -- taa /*eof*/ -- The Toronto Linux Users Group. Meetings: http://tlug.ss.org TLUG requests: Linux topics, No HTML, wrap text below 80 columns How to UNSUBSCRIBE: http://tlug.ss.org/subscribe.shtml