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> > However, money is also a concrete economic good in and of itself. Just playing devil's advocate... if you're stranded on an deserted island with a suitcase
by mojomark 5y ago
> > However, money is also a concrete economic good in and of itself.
Just playing devil's advocate... if you're stranded on an deserted island with a suitcase full of US $100 bills or perhaps flash drives with bitcoin in them, does that provide significant concrete value to you in and of itself?
Same question, but this time you have "food, housing, clothing, shelter, or artwork (e.g. some songs loaded in your out of range phone)"?
- cortesoft 5y agoThere are a lot of concrete economic goods that don't have value on a deserted island. Iron ore, gold, or really any natural resource that requires a lot of processing will be useless on a deserted island. In fact, the entire point of the "move things" category in the article is that things have different value in different places.
- MichaelZuo 5y agoGold surely has value as it’s the most malleable of the metals. Having a gold cooking pot is a vast increase in wealth on a deserted island compared to no cooking pot. If you put a bit of imagination a lot of random things can have value in an extreme enough situation.
- imtringued 5y agoAs I mentioned, for your $100 bill there is a liability attached to the $100 bill. The piece of paper itself is worthless. The problem is that you cannot reach any of the people who are liable and therefore even its notional value has no meaning to you.