Monday, December 31, 2018

One five dollar bill not equivalent to five one dollar bills

I don't believe that a five dollar bill is worth five times as much as a one dollar bill independent of unethical influence such as fraud or coercion.  I do believe that five one dollar bills have five times the value of a single one dollar bill.  Five one dollar bills do not weigh approximately the same as one five dollar bill but instead weigh about five times as much.  Five grams of gold is worth five times as much as one gram of gold.  It depends on the convention of value you are using.

Copyright Carl Janssen 2018 December 31

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