What is Money?

The word “money” comes from the Latin moneta, which is where coins of precious metal were made and stored. Precious metals naturally rose to the top of money markets because they are scarce, long-lasting, and valued by weight. Gold in particular became the standard for money because it is uniquely suited to serve the purposes of money.

Skyler J. Collins vs. Richard D. Wolff on Capitalism and Socialism (47m) – Episode 433

Episode 433 has Skyler responding to claims and arguments made by Richard Wolff in debates with David Friedman and Gene Epstein. Topics include: Wolff’s debate tactic of feigning ignorance; Wolff’s definitions of capitalism and socialism; the concept of self-ownership; the concept of private property from original appropriation; how private firms can be organized; capitalism as a concept verse markets as a concept; and more.

Costs are Worth Living in Liberty

The continuing hysteria over COVID-19 reminds me of the website warning of the dangers of Dihydrogen Monoxide (DHMO). The website correctly points out that DHMO is found in all our food, sometimes as an additive; we’ve all been exposed. It’s found in many dangerous compounds and in cancerous tumors. It kills thousands yearly.

Quitting Something, Nurturing Curiosity, Work Life, & Changing People (22m) – Episode 037

Episode 037 looks at the advice to “never give up” on something that is no longer serving you (see also “sunk cost fallacy”); being kind to those, adults and children, who are curious about the world, even when you’re surprised by their ignorance; the importance of focusing on more areas of your life outside of work; and why and possibly how you can change the people in your life that are bringing you down.

Gossip, Close-Mindedness, Anger, Ignorance, & Moving On (22m) – Episode 018

Episode 018 looks at paying attention to the gossip your friends tell; protecting yourself from getting defensive when you read opinions you don’t agree with; not responding for at least 15 minutes when something makes you angry; the importance of acknowledging that you don’t know something and using it as a bonding opportunity; and moving on from a job that no longer serves you well.

Mask Fine Theft by Government

The first shut-down was a terrible idea. I’d be willing to forgive those responsible since it was done in ignorance. No one knew how dangerous the virus might be, and sketchy reports from other countries scared some people into over-reacting. However, now we know. To shut the economy down again — to shut down society — isn’t ignorant, it is an intentional act of sabotage. Those responsible should be held accountable. Personally, not by shifting the burdening onto their tax victims.