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By Currie's reasoning, commodities become supplanted when a better commodity comes along, so, for him, the question is whether Bitcoin solves an economic problem that currently exists with gold.
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Certainly Hill was a curious commodity coming out of Georgia Tech, where he caught 49 passes for 1,248 yards in a run-heavy offense over three seasons.
The concept of air rights, also called transferable development rights (T.D.R.'s), as a salable commodity came about after a 1961 revamping of city zoning regulations that established density quotas for every block.
A bullish case for commodities comes from Boston money man Jeremy Grantham, who has a knack for calling big turns in the market.
"All of the commodities coming through the terminal will be in covered rail cars, dumped into enclosed underground units with dust control," Bridges said.
Most commodities come out of mines and wells that last decades, and flow to buyers who need steady supplies and would prefer steady prices.
A double-columned or multicolumned tariff provides for different rates according to the country of origin, with lower rates being granted to commodities coming from countries with which tariff agreements have been negotiated.
Commodities came under pressure again, not helped by continuing talk about a slowdown in China and news of poor European car sales, with copper falling to its lowest level since October 2011.
Ultimately, end users have a moral imperative to know where commodities come from and who's harmed in their acquisition, said Princeton University bioethics professor Peter Singer, author of The Ethics of What We Eat.
The United States cannot enforce its own labor laws overseas, but if commodities coming into the United States are found to be produced by prison, forced, or indentured labor, it can impose various penalties — financial and criminal — on the companies importing the commodities.
Neither of the twin bioethical totems of gifts and commodities come near to appropriately capturing the logics of the UCB immunitary bioeconomy.
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