Kyrsten Synema (D - Az) brings a cake into the Senate to downvote min. wage hike

[Classic-Xer]

(04-14-2021, 12:28 AM)pbrower2a Wrote:

(04-13-2021, 09:37 PM)Bob Butler 54 Wrote:

(04-13-2021, 08:13 PM)pbrower2a Wrote: OK. Ed owns a restaurant, and Jack is a barber. The exchange-value of a steak dinner at Ed's restaurant is about the same as the value of a haircut by Jack. Exchanging a steak dinner for a haircut might not be practical at the moment. Money is simply a surrogate. Jack may not be hungry when Ed wants a haircut, and  Ed might not want to serve Jack a steak dinner in a barbershop.

Also Jack may get hungry more often than Ed needs a haircut?  Having something that represents the exchange value is convenient.  Among other things, it allows specialization.

The most obvious. People generally prefer cash to in-kind payments. Also -- Jack could be a vegetarian, or he might prefer an add-on to his meal such as a beer or a pie. Ed might be bald due to his chemotherapy.

Money is easy to standardize for rational exchanges in a free market. This has nothing to do with capitalism or socialism.

There's also a chance that Jack could be a Trump supporter and Ed could be a Biden supporter and the two of them could refuse to do work for each other these days as well. Don't laugh, the Biden administration already has the country moving in that direction. I've spent the last few days watching Democrats scaring Democrats and listening to racist Democrats appealing to racist Democrats on CNN. If you ain't a racist nigger or spick or white trash by now, you better learn how to be like one because that's who you are going to be directly competing with for Democratic tax dollars down the road. Oh, how many years did we coexist with the iron curtain and continue to go about our business as Americans while all kinds of nasty shit was going on behind the iron curtain.