lads

@PugSlugger that was actually an interest observation. There are people that make an income off of nothing but property, like somebody who rents out stuff. They don't put in any labor but still get an income. I don't think LTV applies here though.

The value of the currency they bought the property with comes from labor

How does the value of the currency come from labor?

but the commodities you buy with the money's value is based off of the money that it costs to produce plus time preference and other stuff

you get paid when you work

sure

so you get a dollar which is a substitute for precious metal

then you use that dollar to buy stuff that costs dollars

that stuff could be property

which can make you more dollars from the people that worked to get those dollars

this is capitalism

"make more dollars"

only the state can print money

earn more dollars

its an expression

in America

It's a bad one

yeah well it comes with the greatest country in the world medal

Hardly, but that's another issue

wew

gib television

we invented it

gib

also gib computer

Nope

anyway

Alan Turing was British

point out a flaw

with the system

Most of the foundational research was carried out by scientists produced by the Bismarcking Germany social democracy.

im sure

It sounds like you became a marxian with your account of money

But I don't think you are, so explain how your account differs from the LTV?

<:GWcfcThonk:357907199928041473>

because the goods have value not determined by labor

like time preference

what do you mean "have value"

Have use? have utility?

they are worth more labor currency

you pay more