The Vantage Point: Well Said...

Wednesday, January 19, 2011

"The dollar has the soul of an an underlier but the body of a derivative. Being neither, it violates all financial logic."

~ Prof Emanuel Derman

Prof Emanuel Derman

Anonymous said...: When it was collectively decided in places that currency consisted of feathers, shells, beads, Yap Island stones, and or gold, was it any different?; January 19, 2011 6:34 PM
Anonymous said...: Nope, pretty much the same thing as long as it was easily obtainable. Not so with gold.; January 19, 2011 9:18 PM
Anonymous said...: In their day were not all of those former currencies not easily obtainable?

Isn't that the reason why they were deemed usable as currency?; January 19, 2011 10:07 PM

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