Re: [tlug] Yes! Another argument about the GPL!

[Raedwolf Summoner <raroofu@example.com>]

Raedwolf Summoner writes:

> > Tangentially to this, we have been traditionally taught in school
> > that "money is a medium of exchange", but F.A. Hayek has
> > contributed the much more interesting observation that money is a
> > medium of information.

Stephen J. Turnbull replies:
 
> Again, this is somewhat inaccurate. Money, though it talks, is hardly
> informative.[3] It is *price* that is an amazingly useful statistic.

Well, it is inaccurate inasmuch as it changes what Hayek was saying (i.e., that prices are "a mechanism for communicating information") but I was trying to apply it to what we had learned to parrot in school (money is a medium of exchange). And while prices are the data, money is the medium.

--Ralph

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