Thursday “For example, money is not consumed after a transaction, but goods such as pork bellies and copper ingots are. Money is not directly comparable to goods.” Keith Weiner One of the tenets of Dawn of Gold is that goods* and money** are different. Money is not the most marketable good. Money is not, never was and cannot be a good. Prior to 1500BC, … [Read more...]
Early Retirement
Monday I see another report about a young couple that have surmounted the work trap and managed to retire by the age of forty. Well, actually, I didn’t read the article, but that is what I surmise from the headline. From the number of such headlines I would assume that it is an aspiration in the peculiar zeitgeist that passes as the modern world. Why would … [Read more...]
Tribalism
It was the spontaneous emergence of money (Gold and its surrogate, silver) into the marketplace circa 1500 BC in Egypt that allowed for the emergence of a free market in goods and services. People were no longer dependent upon handouts from the Pharaonic state. They could produce a surplus and trade it with others, knowing that what they received in exchange would store a … [Read more...]