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Overnight Open Thread

310
Buck9/19/2011 11:39:45 am PDT

re: #305 Obdicut

Do you understand that you can get a loan based on stock as collateral because it has value, just as a work of art might have value, and that that does not mean it is equivalent to money?

No, I disagree with you. They are assets that are measured in dollars, or money.

Dollars = Money

These assets are not measured in inches, or Big Macs. They are measured in dollars. At the end of the year you can add up the values (again in dollars) of your assets and say “this is how much money I have”.