Monday, January 24, 2011
Valence of Value
Gold is an excellent conductor of heat, electricity, and value.
Wealth can easily flow through gold–––and without tarnish or corrosion.
Output is comparable to input.
Debt-money is an insulator.
Wealth can flow through it–––but only with effort and loss.
Output is less than input.
Wealth preservation versus wealth destruction.
Insulators have valid and necessary functions as much as conductors do, but should one's lifetime of labor be measured by currency units borrowed into existence?