You can still barter in Hayfield
Grouse can be used to trade all sorts of things
You can still barter in Hayfield
Grouse can be used to trade all sorts of things
Hey: make me an offer, big boy..
Value is a relationship between the value and valuer. Without living things there cannot be any values. A rock in itself is neither good nor evil. It has no intrinsic value. Only when a living being finds a purpose for it does it become a value. It's my understanding that if you say food is intrinsically good and all animal and bacteria life came to an end, the food would still be good. Good for who though?
One of the problems with the laws in the bible is the idea that certain actions are intrinsically good or evil e.g. lying. But I can think of situations where lying is moral.
If something is intrinsically good then it follows that others won't hesitate to force it on you.
Let's remember the title of the thread. I'm not really wanting to talk about the value of objects on the moon. Surely economics is wholly a human area of activity. Within that context what is intrinsically valuable?
In a Biblical context the whole point of the Garden of Eden story is that the "fruit" has no value of its own. It is the actions of the humans concerning it which give it any significance at all.
I think I am suggesting that we need to rediscover "real" value and base our economic transactions on that.
Does CL's line of thinking imply that there is not such a thing as 'real' value?
Back on the banking issue things are looking bad. Eric Daniels of Lloyds TSB pointed out that the banking disaster was caused by central banks(government) pumping too much liquidity into the markets. In other words he said "they were printing money." (His interview may still be on Sky news web site.)
Gordon Brown though was blaming the banks, and I could see from the look on his face that he didn't believe what he was saying.
Expect a bit of a lull before things really get bad. Sad to say.
Surely it's both? Government printed the money, but the banks gave it out to people who couldn't pay it back.