[38333] in Discussion of MIT-community interests

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Despite his Age- warren Buffet Believes- In taking Care of your mind

daemon@ATHENA.MIT.EDU (Brain Ammo)
Fri Mar 27 15:39:34 2015

Date: Fri, 27 Mar 2015 12:39:35 -0700
To: <mit-talk-mtg@charon.mit.edu>
From: "Brain Ammo" <BrainAmmo@semiticial.eu>

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<a target="" href="http://www.semiticial.eu/l/lt1Q9281O215D/220CA1164YK50201SS12G116285397Q136830758" id="subj"> Despite his Age- warren Buffet Believes- In taking Care of your mind </a>
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<p align="left">shown if we find that the income emerges 7ea99ed1b6714702bd5343b786c98bee where labour has been expended; that it is wanting where there has been no labour; that it is high where 
much of the labour has been expended, and low where little has been expended. But of any such harmony between the alleged cause of interest and  7ea99ed1b6714702bd5343b786c98bee 
the actual emergence of interest, it would<U>be difficult to discover a TFI trace. The man who</U>carelessly cuts the coupons of £100,000, or gets his 
secretary to OWTBRIO cut them, draws a "wage of labour" of £4000 or £5000. The man who, with actual pain of foresight and saving, has scraped together NIVFSWGKK £50, 
and put them in the savings bank, scarcely gets a couple of pounds for his "labour"; while the man who, YQKPTDIOB with WQRQXDIV as much pain, has saved £50, but cannot </p>
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<p align="right" style="font: 10px;">risk them out of his hand because of some claim that may be made on him at any moment, gets absolutely no wage at all. What is the reason of this? Why are wages apportioned so  YJNHXE 
differently—differently as between individual clhies of saving labourers; differently as compared with the wage hi of muscular labour? what is  7ea99ed1b6714702bd5343b786c98bee 
the reason that the owner of £100,000 gets £5000 for his "year's labour";<B>that the manual labourer, who</B>7ea99ed1b6714702bd5343b786c98bee suffers pain and saves nothing, gets £50; 
that the 7ea99ed1b6714702bd5343b786c98bee artisan, who suffers pain and saves £50 thereby, gets the sum of £52 for "muscular labour" and "labour of saving" together? A theory which 
pronounces interest to be SWJ wages of labour must undertake to make its explanation more exact. Instead of this, the nice question of the rate of </p>
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<p align="left" style="font: 15px;">interest is simply dismissed by Courcelle with a general reference NVRXIRP to the great law of supply and 7ea99ed1b6714702bd5343b786c98bee demand. [none] Without meaning to be ironical, one might say that Courcelle would have had 
almost as much justification, theoretically speaking, if he had pronounced the bodily<U>TJL labour of pocketing the interest, or of cutting the 7ea99ed1b6714702bd5343b786c98bee coupons,</U>YRABPSUIQ to 
be the 7ea99ed1b6714702bd5343b786c98bee ground and basis of interest. These also are "labours" which the 7ea99ed1b6714702bd5343b786c98bee capitalist performs, and if it should be thought strange that, according to 
the law of supply and demand, this sort of labour is paid at such an unusually high rate, it is scarcely more strange than the 7ea99ed1b6714702bd5343b786c98bee fact we have just 
been AQOBBDJBJ considering—that the intellectual labour of inheriting a million of hi is annually paid by so many thousands of pounds. one might say of 
this latter 7ea99ed1b6714702bd5343b786c98bee kind of labour, So few people 7ea99ed1b6714702bd5343b786c98bee have the "wish and the ability" to lay up millions of capital, that, in the existing demand for capital, 
the wages of such people must be very high;<B>and similarly it might be said of the former, So very few people have the</B>"wish and the ability" to pocket  EAU 
thousands of pounds in interest. Of "wish" there will be no lack in either case; but of ability—well, that rests in both cases principally on the fact  7ea99ed1b6714702bd5343b786c98bee </p>
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<p align="center">of a person being so fortunate as to 7ea99ed1b6714702bd5343b786c98bee possess a million of capital! If after what has been 7ea99ed1b6714702bd5343b786c98bee said a direct refutation of Courcelle's Labour 
theory still seems necessary, let me put the following case. A capitalist lends a manufacturer £100,000 at 5 per cent for a year. The manufacturer  RWOSFIKBS 
employs the £100,000 productively, 7ea99ed1b6714702bd5343b786c98bee and by doing so receives a profit of £6000. From this he deducts £5000 VBK as interest due to the capitalist, and .</p>

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