Governments separate citizens into different sets; those with and those without political power. It is necessary for any government to be such that the set of those without political power must be significantly larger than those that have political power. Political power is measure simply by either having...
If we consider an economy based upon a commodity money like gold the combinatorics are such that price stability will occur first soon followed by a gentle deflation as the inevitable productivity increases are brough to bear via modern technology. This and this alone has been the savior of all people...
This entry ties all the previous post on this subject together, it is rather long and wordy for a blog but the diligent reader will get sa feel for the argument I am making here. If this can be understood the exact mathematical representation will be much easier to understand. Occam's razor says...
Human beings use action to implement a perceived extremal solution for possible outcomes. At the heart all of us want to maximize our profit and minmize the costs required for the same. Entrepeneurs, corporation and politicians all apply the same logic: minimum in, maximum out. Unfortunately their are...