Why a “fixed tax” or “equal tax” might be better than the income tax

What I am calling a“fixed tax” is simply charging every citizen and resident, who enjoys the benefits of living in the country, the same amount each year, say somewhere in the range of 0 to 5,000 dollars. (This…

Are Interest Rates Determined by Time Preference?

Time preference is your desire to sacrifice money now, for more in the future, or vice versa. Presumably, this determines interest rates— some people…

Constraints and Objectives: Complementary Aspects Of Choice

Constraints and objectives are the two complementary aspects of choice rationalization.

The Paradox of Need

Needs are absolute requirements for survival, thus they should be the highest priority. But often, they are considered an inconvenience. Instead of addressing our needs head on, we sometimes neglect them until we have no other choice. This might be driven by ego, delusion, laziness, or even…

Economics is the Science of Choice

Economics is the science of choice: how choices get resolved, their significance to those choosing, and their implications and consequences.

Identity is defined by the ability to choose. We have identity both as individuals and groups. Both…

Desire, Fear, and Pain are Three Forms of Partial Knowledge

Economics depends on principles of self, which are often explored in spiritual traditions. Philosophy and math must work together to resolve…

Money is not the objective

YOU decide the objective!

Earning money is political requirement of living in a social world

Better Accounting: Ending the Cycles of Abuse

Politics and Finance fuel destructive cycles using Outrage, Greed, Inappropriate Privilege, and Domination.