On 09/29/99 at 10:31 PM, "Michael J Williams"
<michael@williamsmj.screaming.net> said:
>>
>> Michael, I don't want to push too much but can I remind you to think about
>> my question [OPE #1308], in connection with thinking about the above:
>>
>> "In our case, Moneybags earns interest with coupons received and the
>> borrower pays. Abstracting from intermediation only means to get to this
>> relationship. Does this relationship, for you [Michael], represent a
>> commodity transaction?"
>No.
>Michael
Michael, why not? There is a seller and a buyer? Are you now saying that
not all transactions involving money are commodity transactions? Paul
***********************************************************************
Paul Zarembka, supporting RESEARCH IN POLITICAL ECONOMY at
******************** http://ourworld.compuserve.com/homepages/PZarembka
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