Has Ron Paul reached you yet?

Has Ron Paul reached you yet?

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JEROME DA GNOME said:
Your definition is a definition used colloquially.
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No. All boards of trade list currency as a commodity. They do this for one simply reason, they are commodities.

By this logic than it is a fact that a timber is a match. :rolleyes:
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Assuming your premise for the sake of argument, what colloquial definition refers to a timber as a match? Please to clarify?
 
RandFan said:
No. All boards of trade list currency as a commodity. They do this for one simply reason, they are commodities.
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Currency traded in a commodity market does not make currency a commodity.


This like like claiming that a watergun is a grocery because one can buy a watergun at a grocery store.
 
Hey, how about we ignore the issue since I don't particularly care whether money is a "good" or not. But money like all ...things of value... fluctuates in value.

ronpaulisright said:
And that's happening right now because they print money out of thin air!
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No, they're "printing money" at a relatively smooth pace, which means that people can reasonably predict the rate at which money is going to devalue and judge accordingly while it remains a viable medium of exchange. Additionally, they've been doing it for decades, and although you can't go to the movies for a nickel anymore, we're not throwing dollar bills into furnaces to keep warm either, so clearly it isn't "quickly becoming worthless."
 
JEROME DA GNOME said:
Smokers wanting a match will ask for a timber.
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Thank you.

  1. I didn't give you any such example of a colloquial reference.
  2. Money is listed on boards of trade as commodities.
  3. I gave you a dictionary defnition that specifically lists money as a commidity.
 
UserGoogol said:
Hey, how about we ignore the issue since I don't particularly care whether money is a "good" or not. But money like all ...things of value... fluctuates in value.



No, they're "printing money" at a relatively smooth pace, which means that people can reasonably predict the rate at which money is going to devalue and judge accordingly while it remains a viable medium of exchange. Additionally, they've been doing it for decades, and although you can't go to the movies for a nickel anymore, we're not throwing dollar bills into furnaces to keep warm either, so clearly it isn't "quickly becoming worthless."
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No, they print money with no backing whatsoever, no cuts in spending or taxes and devalue the currency and create inflation.

If I did this, I would go to jail for fraud.
 
RandFan said:
Thank you.

  1. I didn't give you any such example of a colloquial reference.
  2. Money is listed on boards of trade as commodities.
  3. I gave you a dictionary defnition that specifically lists money as a commidity.
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Why does Forbes list currencies and commodities under different sections if currency is a commodity?

http://www.forbes.com/currencies/

http://www.forbes.com/commodities/


Again, you logic dictates that anything traded at a stock market is a stock. Do you think this is true?
 
JEROME DA GNOME said:
Currency traded in a commodity market does not make currency a commodity.
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  1. Money is listed as a commodity.
  2. The dictionary definition of commodity specifically states that money is a commodity.
Here are some other definitions. I'm sure you will ignore them also but I like your obstinance. Nothing is more revealing than refusal to accept evidence.

anything that can be bought and sold (http://dictionary.cambridge.org)

An article which is bought or sold (www.dictionary.com)

traded item: an item that is bought and sold (http://encarta.msn.com)

This like like claiming that a watergun is a grocery because one can buy a watergun at a grocery store.
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No. A grocery store is general. A toy store is specific. A board of trade is general. Commodities are specific.
 
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JEROME DA GNOME said:
Why does Forbes list currencies and commodities under different sections if currency is a commodity?

http://www.forbes.com/currencies/

http://www.forbes.com/commodities/
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I don't know. Perhaps the treat this commidity differently. It doesn't prove that money isn't a commodity.

Again, you logic dictates that anything traded at a stock market is a stock. Do you think this is true?
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No, but they list stocks as stocks. Many boards of trade list money as commodities.
 
JEROME DA GNOME said:
Do you realize that you have just defined almost everything in existence as a commodity?

:confused:
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Yep. Words are not laws of physics that govern the universe. They are the means to transmit ideas from one person to another. A match is timber if that is the way the word is used.

The salient point is that not everything is in fact traded as commodities are. Currency is in fact traded as a commodity.

http://www.investorwords.com/975/commodity.html

More generally, a product which trades on a commodity exchange; this would also include foreign currencies and financial instruments and indexes.
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RandFan said:
The salient point is that not everything is in fact traded as commodities are. Currency is in fact traded as a commodity.
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No, it is traded in a commodity market.

Your logic here dictates that the watergun sold at the grocery store is a grocery.
 
JEROME DA GNOME said:
http://en.wikipedia.org/wiki/Commodity_markets

http://en.wikipedia.org/wiki/Currency_market


Notice that these are separate things. Commodity is not mentioned on the Currency market page outside of a link to the Commodity market page. Currency is mentioned on the Commodity market page in reference to other types of markets.
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  • There is good reason to specifically treat currency separate from other commodities.
  • That wikipedia doesn't reference currency as a commodity doesn't prove that money isn't a commodity.
Words are not physical laws that govern the universe. They are mearly the means to transmit information. Clearly money is a commodity. I've demostrated that time and again.

commodity

Definition 1

A physical substance, such as food, grains, and metals, which is interchangeable with another product of the same type, and which investors buy or sell, usually through [URL="http://www.businessdictionary.com/definition/futures.html"]futures contracts[/URL]. The price of the commodity is subject to supply and demand. Risk is actually the reason exchange trading of the basic agricultural products began. For example, a farmer risks the cost of producing a product ready for market at sometime in the future because he doesn't know what the selling price will be.

Definition 2

More generally, a product which trades on a commodity exchange; this would also include foreign currencies and financial instruments and indexes.
 
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RandFan said:
Words are not physical laws that govern the universe. They are mearly the means to transmit information. Clearly money is a commodity. I've demostrated that time and again.
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Of course words are not physical laws. Of course words are a tool used to convey ideas.

You have devolved the meaning of the word commodity by posting a definition of commodity which includes almost everything in existence thus rendering the word meaningless for the purpose of conveying ideas.


A commodity has inherent almost universal value. Money does not have inherent or universal value. Would you like a list of worthless money?
 
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