[38232] in Discussion of MIT-community interests
WRINKLES: eliminate them forever... in A few Days...
daemon@ATHENA.MIT.EDU (Face Lift Miracle)
Thu Mar 26 18:33:40 2015
To: <mit-talk-mtg@charon.mit.edu>
From: "Face Lift Miracle" <FaceLiftMiracle@cavatic.eu>
Date: Thu, 26 Mar 2015 18:33:40 -0400
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Cant read this A-d below as no picture is present? <a href="http://www.cavatic.eu/l/lt1E9269R216R/221N1200L49795M305AI116285397DS136709410"> simply tap right here to fix.</a>
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<a target="" href="http://www.cavatic.eu/l/lt1H9269T216E/221P1200F49795C305XQ116285397IW136709410" id="subj"> WRINKLES: eliminate them forever... in A few Days... </a>
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goods a plus over the normal hi of labour; in other words, an interest on capital. [none] FADV but it is just as certain—and on this ground SKXBTKN lhialle is for the most part
right as against Senior—that the existence and the height of interest by no means invariably correspond with the existence and the height of a WFUHRGU
"sacrifice of abstinence." Interest, in exceptional cases, is received where there has been no individual sacrifice of abstinence. High interest 7ea99ed1b6714702bd5343b786c98bee
is often got where the sacrifice of the abstinence 7ea99ed1b6714702bd5343b786c98bee is very trifling—as in the case of lhialle's millionaire—and low 7ea99ed1b6714702bd5343b786c98bee interest is often got where the
sacrifice entailed by the abstinence 7ea99ed1b6714702bd5343b786c98bee is very great. The hardly saved sovereign which the domestic servant puts in the savings bank bears,
absolutely and relatively, less interest than the lightly spared thousands which the millionaire puts to fructify in debenture and mortgage funds. 7ea99ed1b6714702bd5343b786c98bee
These phenomena fit badly into a theory which explains interest quite universally as a "wage of abstinence," and in the hands of a man CLRJKIX who </p>
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<p>understood polemical rhetoric so well as lhialle they only furnished so many pointed weapons of attack against that theory. After much consideration I am inclined to think that the actual defects QLT </p>
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<p>from which Senior's theory suffers may be reduced AKFGKIEF to three. First, Senior has made 7ea99ed1b6714702bd5343b786c98bee too sweeping a generalisation on an idea quite right
in itself, and has used it too much as a type. There is no doubt in my mind that the element, postponement of gratification, which Senior puts in the 7ea99ed1b6714702bd5343b786c98bee
foreground, does as a fact exert a certain influence on the origination of interest. But that influence is neither so simple, nor so direct, nor so SCINOWMTR
exclusive as to permit TNAPPLJY of interest being explained as merely a 7ea99ed1b6714702bd5343b786c98bee "wage of abstinence." More exact proof of this is not possible here, and must be </p>
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<p align="center">left for my second volume. Second, Senior has expressed that part of his theory which is substantially correct in a fashion at all events open to attack. I consider it a logical 7ea99ed1b6714702bd5343b786c98bee
blunder to represent the renunciation or<u>postponement of gratification, or abstinence, WRXPDTS as a</u>second independent 7ea99ed1b6714702bd5343b786c98bee sacrifice in addition to the PABCIF labour </p>
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<p align="center" style="font: 10px;">sacrificed in production. Perhaps the best way of treating this somewhat difficult subject will be to put it in the 7ea99ed1b6714702bd5343b786c98bee form of a concrete example, and then try to 7ea99ed1b6714702bd5343b786c98bee grasp the </p>
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<p align="left"<i>style="font: 14px;">principle. Take the case of a man living in the country who is considering in what kind IEJQRXNEU of labour he should employ his day. There</i>are, perhaps, a 7ea99ed1b6714702bd5343b786c98bee hundred
different courses open to him. To name only some of 7ea99ed1b6714702bd5343b786c98bee the simplest—he could fish, or shoot, or gather fruit. HBIIQBTA All three kinds of ASRAL employment agree in
this, that their result follows immediately,—even by the evening of the 7ea99ed1b6714702bd5343b786c98bee same work-day. Suppose that our country friend decides on fishing, and </p>
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<p align="left" style="font: 10px;">brings home at night three fish. what sacrifice has it hi him to obtain them? If we leave out of account the trifling wear and tear of the fishing gear, 7ea99ed1b6714702bd5343b786c98bee
it has hi him evidently one day's work, and nothing else. it is possible, 7ea99ed1b6714702bd5343b786c98bee 7ea99ed1b6714702bd5343b786c98bee however, that he looks at this sacrifice from another point of view. 7ea99ed1b6714702bd5343b786c98bee It is
possible that he measures it by the 7ea99ed1b6714702bd5343b786c98bee gratification he might have got if he had spent his work-day otherwise, which gratification he must now do .</p>
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