[OPE-L:44] [OPE-L:273] RE: Re: Re: Chapter 1

Brendan Tuohy (Reg@ReddFish.Co.NZ)
Mon, 2 Nov 1998 11:08:55 +1300

Messages sorted by: [ date ][ thread ][ subject ][ author ]
Next message: Ajit Sinha: "[OPE-L:45] [OPE-L:275] Re: Re: Re: Chapter 1"
Previous message: C. J. Arthur: "[OPE-L:43] [OPE-L:272] Re: Re: RE: Re: Re: Chapter 1 and accumulation"

>Chris
[...]
> Even if no one would actually exchange a kilo of gold for another kilo
> of
> gold it is possible to deduce from the transitivity of statement 2
> that
> gold is exchangeable for gold, and of course if anyone were perverse
> enough
> to actualise it each woudl end up with the same value.
>
Brendan>
Suppose bank A had gold in a vault in city X and bank B had gold in a
vault in city Y; A needed gold to make a payment in Y and B needed gold
to make a payment in X. Exchanging gold for gold wouild be a practical
alternative to transporting it.

Next message: Ajit Sinha: "[OPE-L:45] [OPE-L:275] Re: Re: Re: Chapter 1"
Previous message: C. J. Arthur: "[OPE-L:43] [OPE-L:272] Re: Re: RE: Re: Re: Chapter 1 and accumulation"