When you were a child you may have had a pet animal. If your parents saw this as an opportunity to help you mature they may have made you responsible for the care and feeding of the pet. Now if the pet was yours alone, if no one else shared […]
Daily Archives: September 8, 2016
12 posts
Let’s say you are running a manufacturing business. The processes you employ to make those very useful and popular widgets happens to generate a pollutant. Now you could change your processes or you could clean up the pollutant as you manufacture your widgets but that would increase the cost to […]
The free market has been a bedrock of economic theory for many years. Free market ideology has shaped politics, law, and economic theory for almost as long. The concept is, therefore, loaded with emotion for many. But a true free market and a physical object money (POM) have never been […]
Physical object money (POM) creates jobs. There are all kinds of jobs with all kinds of people working at those jobs. People have jobs in corporations, in small businesses, in government, and in what one might call private enterprise. But remember that a physical object is amoral, so all monies […]
I think everyone has heard of the “law of supply and demand” from economics. This article is a discussion related to that law but is not a treatise on traditional economics. The law of supply and demand has as a prerequisite: that the context be a competitive free market. That […]
You are the new kid on the block in a rather tough, run-down neighborhood. The police don’t like to visit this area and would never dream of going alone on foot to patrol there. The parents in the neighborhood are, in many cases, addicts and worse. You are 12 years […]
“Gold, Glory, and God” was said to be the mantra of the Spanish explorers who followed Columbus into the New World. They certainly found a lot of gold in Central and South America and sent tons of it back to Spain. But why did gold rank so high in their […]
So you’re selling goods in a shop and this guy comes in and says he wants to buy one of the items. He offers you a bill that looks nothing like the currency you are used to. Will you accept that bill in payment? The customer assures you that the […]
When an economy begins to have problems such as those faced today by the economy of the U.S. (and indeed, the world) people begin to remember bad economic times of the past. Days when the stock markets drop several percentage points remind people of Black Monday 1929 when the New […]
You hold a coin in your hand. You possess the coin. You give the coin to someone else. They now possess the coin. This is a two-party interaction using a physical object. You could substitute any money sized physical object for the coin and the interaction would remain two-party. Ownership […]