Thursday I am asked regularly for my opinion on bitcoin etc. Even two of my sons have recently expressed interest. I understand the thrill of a speculation that is going through the roof, but I also understand the danger. It is a speculation, not an investment. A speculation requires a bigger fool and in a world of peak stupid that has been a good bet. But when the … [Read more...]
Society as a Construct
Thursday Social engineering schemes always fail. As the 20th century English philosopher Ringo Starr eloquently noted: “Everything the government touches turns to shit.” My Starr was quite correct. Since the dawn of human society, centralised control, in one form or another, has always, eventually, collapsed that society. But why is that? The usual … [Read more...]
Time Preference
Wednesday “Time-preference is simply the desire to own goods at an earlier date rather than later.” (here) I come across this regularly, and it is important to understand that this is just an observation that is sometimes true, but, equally as often, is not. Imagine receiving a crane delivery of a roof for a house before the walls are constructed. What would … [Read more...]
Making a Living
Thursday Making a living is an important part of life. Whether it is growing food, being paid for running a corporation or singing pop songs, it is that which ensures survival. Failure to make a living, is creating a deathing, But making a living is not why we live. It is what we have to do before we can start to live. A few people never get to that first … [Read more...]
Rules – No Rules
Wednesday Sending soldiers off to war zones and then prosecuting them for not abiding by the ‘rules of engagement’ stinks. In a life and death struggle, those who pause to contemplate the rules get killed by those who do not. Life is composed of endeavours - things such as football, a job, business, gardening, painting, boxing, relationship, music etc. An … [Read more...]