[lbo-talk] What are you reading now?

Doug Henwood dhenwood at panix.com
Tue Sep 11 04:50:14 PDT 2007


On Sep 11, 2007, at 5:44 AM, Rakesh Bhandari wrote:


> commodities never themselves count as depositaries of abstract social
> labor time

So why are so many Marxists goldbugs who distrust fiat money as a sham? Isn't it because gold embodies labor time and credit money doesn't? Even if credit money is guaranteed by a state?

Doug



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