Monday With regard to the quantification of a good’s value, with what is it measured? How is the subjective value of a good expressed? Well, with money of course; one of the jobs of money in the marketplace is to measure value. For most of the 20th century and at the beginning of the 21st century, the marketplace has used fiat debt notes, otherwise known … [Read more...]
In A Currency Crisis – Like In Greece Or Venezuela Right Now – There Is No #MeToo Movement
Friday “Dimitra, a middle-aged woman who lost her [flower] shop in the crisis and now works as a madam on Filis Street. ‘I used to be called Mrs. Dimitra, but now I’ve become a whore.'” And this is what happens when the currency is just degraded. Ho much worse does it get when currencies utterly collapse? I will leave that for the reader to ponder. The fall of social … [Read more...]