It’s in your food supply. It affects your health. The Fed Chairman does it. Robin Hood did it. Dying people must deal with it. The 1% get their share but so do single Moms. You can find it in merit scholarships. It was behind the Cold War. It pits the old against the young and [...]
Knowledgeable Pinheads and Sneaky Pickpockets make the Economic Universe Let’s go back to the beginning…the very beginning. All matter was gold until the great explosion sent gold pieces hurling into deep space. When the stars and planets formed though they were not just made of gold and land but combined with labor and capital. And [...]
Smart Currencies Revisited On June 7, 2011, I posted a blog about alternative currency movements that are springing up. The Boodleworld site also has a resources section that covers alternatives to money. It seems that the financial meltdown has spurned a number of new innovative forms of money. The problem with barter systems, which is [...]
Exercise: What have you done in your life that was done for money but felt wrong since you believed that you didn’t have a better choice? As each person ages, we must decide at what point do we apply the label “old” to ourselves. Like becoming rich, there is not one point when you are [...]
I dream worlds. They are other worlds which I figure must be in alien realms or distant lands. I used to dream about relationships which contained the characters in my life like one would view a play at a theater. No more, I only see some bizarre world where I can’t explain what happens or [...]
When was I in junior high school, otherwise now known as middle school, my heart would delight when I would see the AV kids (that’s audio-visual for the uninitiated) there when I entered a room. This would mean that there, in the back of the room, was a projector that would show us a film. [...]
It’s official. The financial markets have been diagnosed with bipolar disease. Wildly down one day and then up the next (or even during the same day). Everyone wants to know whether consumers will have the confidence to keep buying anything and everything they can find. One day it seems we will keep buying and buying [...]
The Story of I, We, and IT continued The history of homo-economicus has always been about a battle between the I and the We. For each side, the IT has always been about equality. The I’s want equality of prospects for individuals to have the freedom to pursue the goals and motivations without government getting [...]
In Part I, we compared the body and the economy as integrated systems where everything affects and is related to each other. This means that economists and physicians have to understand their field from a holistic point of view. One of the biggest mistakes of the Financial Meltdown of 2008 was the government allowing Lehman [...]
Leveraging Fairness with Commensurate Freedom in a BoodleWorld Imagine that you’ve gone to the doctor because you are hyperventilating and extremely nervous. The doctor asks you what you normally do when you are tense. You respond that you smoke a cigarette. The doctor, concerned about what will happen if you don’t get your anxiety under [...]
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