Would not a life vest have great value to them in that they can trade it to the ... | Hacker News

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Lawtonfogle on March 25, 2015 | parent | context | favorite | on: Basic income: the water room analogy

Would not a life vest have great value to them in that they can trade it to the person who doesn't have one for something the swimmer does want? At the end of the day, a dollar bill does nothing for me. Its only value is in that I can trade it (well I could burn a pile to start warm for a short while, but that is a value below rounding error).

kabouseng on March 26, 2015 [–]

Ok, but what does a poor person have to trade with a billionaire? Remember in this analogy life vests are money.

Lawtonfogle on March 26, 2015 | [–]

Things that others are unwilling to trade because they have possessions they are more willing to trade.

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