The Mudcat Café TM
Thread #115371   Message #2469575
Posted By: Rapparee
18-Oct-08 - 10:09 PM
Thread Name: BS: The Crash of '08
Subject: RE: BS: The Crash of '08
Ah, but the gold and silver is valuable only because people have long agreed that it was valuable. And it is valuable because it was difficult to extract, which means that the ACTUAL value comes from the labor needed to extract it.

Labor, the sweat of the brow, is the basis of all economies. We reap the whirlwind (as we are now) when we forget that.