Costs and Priorities

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”.

Who are we?

Examining Individuality and Alternatives

One reasons to use costs and priorities over supply and demand is that you can look at any level of entity abstraction.

Who will fill the Output Gap?

MMT suggests we look at the output gap: (capacity minus utilization), before we consider the fiscal deficit: (spending minus taxes). The only question is, who should fill…

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.

A Better Capitalism for a True Democracy

For “The People” to rule, we need better rules of social resource management.

Capitalism is often defined as “An economic system where the means of production are privately owned and operated for profit.”

Can people do “Anything they want?”

Identifying all human causes while assessing limits of capability presents a broad range of possibility.

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…