The Mental Hurdles of Thinking Abstractly

I promised to write about category theory, not that anyone would care, but I want to follow through.

I’m still trying to learn it, so bear with me.

The Pizza Theory of Fiat Money

To Really Understand Fiat, You Must Learn Fractions

Understanding Equity

This post will focus on equity, identifying what qualifies financial assets as equity, and the strengths and weaknesses of equity as a financial tool.

Compared to trying to analyze “money”, which can mean different things to different people in different contexts…

Efficient, Expedient, Essential

Economics talks about efficiency a lot. Efficiency is easy to define mathematically. If there are two ways of performing a task, the more efficient one uses fewer resources, whether time, labor, or materials.

Supply and Demand: The Problem With “Them Curves”

“Supply and Demand” has ruined “economics” with bad concepts. We must leave aside the math until we fix our philosophy. Then we can use accounting and…

Money is Points; Prices are Point Rewards Attached by People to Activities

Sometimes we tell ourselves that money is the physical incarnation of value in the universe. This does not make any sense.

Costs and Priorities are Universal Principles of Social Resource Management

Costs and priorities are universal principles of social resource management. Life performs self organizing processes that…

Human Actions

Last time I talked about physical, informational, and virtual systems.

Summarizing, information is an abstraction of physical configuration, and computation is an abstraction of physical interactions or physics. These abstractions are used to discuss physical phenomenon while…

What is Chartalism?

When I hear the word chartalism, I see “charter”.

Understanding Resource Programs

A program is implemented by some entity in order to promote or achieve a goal. Describing programs thus suggests they might be related to teleological accounts of things and their relationships, though I am not ready to concede that these are equivalent.