Our money is evolving as debt; it represents debt, and at this late date, debt with interest. It has been evolving as debt for 5000 years, and David Graeber explained this evolution in detail. But evolution does not confer correctness on a definition. Indeed, evolution is a process of trial and error, and the errors…
“shaping public opinion and selectively extinguishing public memory” – the NZ media changed the government that represents us. But who REALLY leads us?
Spreading the News We used to have town criers, and “newspapers” existed long before the telegraph, telephone, radio, television, or internet. https://en.wikipedia.org/wiki/Acta_Diurna The important thing is that a larger population shares the news and is able to agree on some common reality, even if that shared reality is not actually real. This isn’t sufficient for any enduring…
Human civilization in this discussion is taken to be the broad socioeconomic organization of unrelated and dissimilar humans with common values that enhance survival for families and individuals by providing the advantages of specialization and trade, the persistence of human knowledge, and the rule of law. Democratic societies rely on the rapid dissemination of accurate…
“Not Another Engineer” These are the words, sometimes audible, encountered by every undergraduate engineer in Economics 101 (A class often required for engineers, but seldom required for other scientific disciplines). Engineers are the only people trained in the laws of thermodynamics that any Economics Professor is likely to encounter. We are the only ones to…
Making Money Real 