No. of Recommendations: 3
IF I understand the issue properly mid thread, perhaps Dave is referring to Alternative Value of funds. Any time we look at making a purchase, we look at what we are giving up in terms of alternative value.

No, unfortunately that's not how Dave is using it. What you described was the fact that resources are limited and that a dollar can only be spent once, and then making a choice among alternatives.

What Dave is saying is that when you spend money on something then you are financing that something, whether the money came from your savings account or you borrowed it from a bank or insurance company. And since borrowing is borrowing, there's no difference between borrowing it from a bank or "borrowing" it from your savings account. This, of course, completely destroys the meaning of "borrow" and re-defines it as "money moves from one place to another place." Hence there is no difference between $100 moving from your savings account to your checking account and $100 moving from an insurance company's account to your shecking account.

It's too bad, and it really hurts his credibility, because he is generally cogent until he gets into the topic of cash value life insurance.
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