Theme: Productivity

UNDERSTANDING ‘MONEY’ AS TIME (REALLY)

(first cause of economics)(very important)

Shares are issued as a loan against future productivity.

In the case of fiat money (shares in the economy), shares are issued to consumers, who businesses fight for, in order to produce profits some portion of which are captured by taxes that repay the debt. Although tis is still a mistake. We are just borrowing from our future selves. So there is really no reason to pay it back since we will either collect dividends in present consumption and accelerated productivity, or we will collect dividends in taxes produced by returns. Or we will do neither and lose our investment by externalizing that loss in a million ways.

The trap most people cognitively fall into is starting with the first cause being a commodity (asset of questionable demand) or commodity money (quantifiable asset of unquestionable demand), rather than starting with TIME that we capture in commodities, commodity money, credit money, and share money.

We are just talking about time PAST to time FUTURE. WHICH ONE ARE WE USING?

Once you reduce all to time – the first cause of everything – the model is quite simple. Are we losing time we have previously created, or losing time we have hoped to create, and what are the consequences of each? Well the consequences of losing past money is that we can sense the change in capital state and know when we are increasing risk, while losing future money – as we do not calculate expected returns now – we currently cannot. And therefore we consume and risk that capital we have collected over centuries.

But it is quite possible to calculate those bets and returns just as businesses and financial organizations calculate those bets and returns. However, how do we make certain that the people who take those bets are not violating the requirement for warranty (skin in the game)? Well by making them take the losses personally. Even if fractionally spread across the population, so that we know what our investments have gained and lost.

The reason that the left has opposed such things (even the simplistic version of the Singapore model) is because such warranty, accountability, and transparency, produce evidence of the reason of resulting inequality, and would give moral license to aristocracy and meritocracy.

You see, the left needs to lie in every way possible. But we can create means by which lying is very difficult if we choose.

Anyway. The central idea I would like you to walk away with is that when you think ‘back’ to the starting point of money, or back to the starting point of commodity, you are not thinking back to the first cause: time.

Because this is why man defeated the dark forces of time and ignorance: by coordinating our actions we are disproportionately more productive than we can be on our own.

WE DEFEAT TIME. THE MORE TRUTH WE TELL THE MORE TIME WE DEFEAT.

I hope this teaches some people this lesson since it is the first lesson that all subsequent economic lessons are based.

Curt Doolittle

The Philosophy of Aristocracy

The Propertarian Institute

Kiev, Ukraine