that's our current "currency system". Well in fact it does not even deserve the name currency. It's just some issued paper which is declared to be money. The same could be done with poo. I guess poo will hardly make it into "money" but it's even more real then funny colored...
Just see the following there is a construct called relative poverty. And it's "definition" is that those are poor which earn less than half of the average income. So let's see an example. Our world is simple we have 1/3 earning 1000 GE, 1/3 earning 2000 and GE 1/3 earning 3000 GE. So...
Well it looks as if the diverse reserve banks like to start a degradation race. Simple and convincing idea. Well we just can out of this mess (we have encumbered) with exporting as much as we can. And well they did not say it yet, but are surely working on it. They want to raise the import barriers....
Poverty is a topic that we often hear about, yet I don't believe many of us have ever truly experienced it. I am writing about poverty based on my knowledge and without claiming that I have done research on actual statistics. No, I won't be telling you how many poor people are in the world and...
Pete Boettke recently asked this puzzling question along with another tough one: "why does capitalism produce yet fail to inspire, while socialism inspires, yet fails to produce?" in class and blog. I'm in the midst of reading Property and...