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Costs and Priorities

“Supply and Demand” assumes resource relationships(ownership), and social expectations(market exchange), that aren’t always valid or appropriate. “Costs and Priorities” is a generalized, universal framework for understanding social choices and resource limitations.

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Finance

Derek McDaniel in Costs and Priorities

Aug 22, 2017

Better Accounting: Ending the Cycles of Abuse

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

Derek McDaniel in Costs and Priorities

May 5, 2017

Local Assets, Local Taxes, Local Money

Cost And Priorities Index

In this post I will discuss local taxes. Taxation is an expression of political accounting relationships.

Derek McDaniel in Costs and Priorities

May 5, 2017

Costs And Priorities Index

Resource Use and Social Decision Making

Start Here

Costs and Priorities are Universal Principles of Social Resource Management
The Pizza Theory of Fiat Money

Derek McDaniel in Costs and Priorities

Nov 26, 2016

Parable of the Mind Control Watch

A group of alien explorers came to earth, to observe humans in their natural habitat.

This was a stop of minor importance, a brief waypoint in their excursions through space, documenting all manner of life forms they found along the way.

Derek McDaniel in Costs and Priorities

Oct 14, 2016

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…

Derek McDaniel in Costs and Priorities

Sep 3, 2016

Give Me Some Credit!

(Im)personal lending is broken. This negatively affects our view of financial relationships, and puts pressure on government spending to pick up the slack.

Derek McDaniel in Costs and Priorities

Aug 30, 2016

Currency Plurality and Menu Prices

If there is anything to be learned from MMT, it is that fixed exchange is death: bank runs and public debt crises are two examples of the bad results of fixed exchange.