[lbo-talk] Abstinence in the Swamp

[Michael Dawson]

Once upon a time, there was an aspiring investor who scrimped and saved up
money to make a profitable investment.  When the money was finally there,
the investor purchased land, seeds, tools, animals, and other farm
equipment.  The investor arranged everything carefully in the barn and
shouted "I've saved!"  Time passed, and the tools were still there.  The
seeds were still in there sacks.  "Where, oh where, is my profit?," cried
the investor.  "Have I forgotten something?"

Yes, the labor theory of value is a Great Swamp of unreason and sophistry...

Automobiles, meanwhile, are wonders of efficiency, as economics confirms...