From: Jurriaan Bendien (andromeda246@HETNET.NL)
Date: Tue May 18 2004 - 16:51:22 EDT
Credit can be interpreted as a stock value, but why are there such things as "interest flows" and "flows of earnings from overvalued stocks" ? Given credit, an income flow can be obtained today on the basis of an expectation of sales in the future. This means that a positive or negative discrepancy is possible between surplus-value produced and profits realised depending on what happens in the future, by that fact alone. It's a comforting thought that there is always a time t for my friend Paul Cockshott, but I don't think that has much to do with the economic argument in this particular case. J.
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