tag:blogger.com,1999:blog-11906042.post6964412425710340997..comments2024-03-30T00:09:27.602+13:00Comments on Not PC: “While government power can increase monetary volume, it cannot enhance monetary value.”Peter Cresswellhttp://www.blogger.com/profile/10699845031503699181noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11906042.post-54423003149401921922015-08-18T09:32:27.787+12:002015-08-18T09:32:27.787+12:00"...not sure where you saw the labour theory ..."...not sure where you saw the labour theory of value"? Well, he's looking for an unchanging yardstick by which to measure either economic value or economic activity--which doesn't exist--which was exactly the same motivation that created the labour theory of value. And what he alights on is that gold is a measure of the *time* taken to extract it: and bingo, there we are again.Peter Cresswellhttps://www.blogger.com/profile/10699845031503699181noreply@blogger.comtag:blogger.com,1999:blog-11906042.post-26091389871850352282015-08-17T23:53:36.215+12:002015-08-17T23:53:36.215+12:00A good, quick read. Yes, a mish-mash -- though no...A good, quick read. Yes, a mish-mash -- though not sure where you saw the labour theory of value. Lots of interesting insights & reminders of why sound money works, and why manipulated money can't. The insight that money has become the message, rather than messenger is clarifying.<br />Sam Phttps://www.blogger.com/profile/09035978404256500568noreply@blogger.com