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Can you please post some links or comment about some of the other theories on the orgin of money or is the austrian approach accepted by most economists?
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Am i correct to say that productivity cannot be objectively measured by money but only expressed in money's terms. There is not a prouctivity-o-meter which i can use to find the producitvity level of someone. In valuing an object we cannot say that i value dancing three times more than jumping rope. However when dealing with productivity though
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What are your thoughts on Jiddu Krishnamurti?
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Have you tried evernote to take all your notes in. Slick system
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In the absence of thought time ends but observation exists. At this point the thinker is the thought. To communicate in language one must first create a thinker. Which means the thinker becomes separate from thought, a division. Thought now becomes time. Innovation can now exist in time.
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Yeap let it go. Present your position with clarity, then let it be.
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All values are subjective from an Austrian perspective. The "intrinsic" value of a 100 dollar bill is next to nothing because it is valued mainly for its value in exchange. That value is still subjective though.
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If the current fiat system collapses, the market will find another medium. Money emerged spontaneously in the free market and will continue to do so.
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Gold would function with silver and other commodities as money. I think liberty student was making the point that money spontaneously emerges from voluntary exchanges, not social decrees and mandates.