tag:blogger.com,1999:blog-648884752216444797.post4959689952741917901..comments2024-03-28T09:59:13.754-07:00Comments on bionic mosquito: Intrinsic Value?bionic mosquitohttp://www.blogger.com/profile/12002548958078731031noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-648884752216444797.post-3459568674899736812012-03-26T05:13:37.061-07:002012-03-26T05:13:37.061-07:00"...but the human labor expended to produce t..."...but the human labor expended to produce the object is probably the intrinsic value of the object."<br /><br />As profit is not assured, this cannot be so.<br /><br />More so, what is the value of the labor used to produce the fiat currency? One dollar per hour? 500 dollars per hour? <br /><br />As the value of labor is also subjective, labor value cannot be used to determine product value.bionic mosquitohttps://www.blogger.com/profile/12002548958078731031noreply@blogger.comtag:blogger.com,1999:blog-648884752216444797.post-44679020778803825992012-03-26T04:56:16.038-07:002012-03-26T04:56:16.038-07:00The quote should probably read "Fiat money si...The quote should probably read "Fiat money sinks to the value of its cost to produce...". Every value of an object is ultimately subjective but the human labor expended to produce the object is probably the intrinsic value of the object. PHWAnonymousnoreply@blogger.com