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If Not Silver, What?

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Published: 1896
Language: English
Wordcount: 28,710 / 91 pg
Flesch-Kincaid Reading Ease: 69.1
LoC Category: PN
Downloads: 341
Added to site: 2005.07.17 10776
Genre: Essays

lue on Lake Superior?

=Well, if what you say be true, there is no intrinsic value in any of the precious metals, and we cannot have an invariable standard of value at all.=

No more than an invariable standard of friendship or love. Value is, in fact, a purely ideal relation. All this talk about an invariable dollar which shall be like the bushel measure or the yard stick is the merest claptrap. The fact that gold men stoop to such language goes far to prove that their contention is wrong. The argument violates the very first principle of mental philosophy, in that it applies the fixed relations of space, weight, and time to the operations of the mind. Would you say a bushel of discontent or eighteen inches of friendship? Men who compare the dollar to the pound weight or yard stick are talking just that unscientifically. Invariable value being an impossibility, and an invariable standard of value a correlative impossibility, all we can do is to select those commodities which vary the least and use them



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Author of the Day

Andrew Updegrove
When Andrew Updegrove isn't writing or predicting the next cyber-disaster, he's likely to be roaming the back country of the American southwest in his Jeep, scouting out settings for his next book. More than thirty years of experience as an attorney representing technology companies also serves as a great source of inspiration. As our Author of the Day, Updegrove chats about his journey as an author, reveals how some of the scenarios described in his books actually came true and talks about cybersecurity and how vulnerable we are.
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