Subject:   Hi Tim
Date:   2007-09-03 15:36:00
From:   Richard_2
Response to: Hi Tim

The multiplier effect of bank lending is something of an illusion: there is only one real '100 dollar' - the others are just paper promises dependent on rather risky cycles, as seen in the current sub-prime mortgage lending fiasco. Knowledge on the other hand - or information or data - can be copied endlessly. That makes it a rather more interesting & potentially valuable resource, it least to the altruistic, than resources such as labour, capital and finance.