Oct

31

From Bruno's quote from Steve Coleman:

Money is not real in the first place, it is an agreed upon concept, in fact just another idea. This particular idea has no value unless everyone agrees on its worth.

The price of money is inflation and none of us individually determines what that price will be. That is something we do in the aggregate by our spending on the total available goods and services offered for sale. Rather we use a uniformly accepted medium of exchange to determine the value of everything we buy relative to money, which for individual purchases is a constant. It is the buyer's claim on some of the stock of available goods and services and in making a purchase one determines the worth of a particular purchase relative to the value one places on all other potential purchases. So when Coleman performs, etc. he sets a price of his production relative to the value of all other goods and services and what people are willing to pay for his performances, etc. is based on how they relatively value that product, not what the price of money or its worth is.

If an artist gains much satisfaction from his or her creative expression they may well be willing to continue to do so even if society is not willing (or able) to pay for it. That is no reason for the artist to refuse payment if it is offered and he or she are otherwise willing to perform or give away/sell their creative product to those particular buyers.


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