Debt Is Life I read an article by this economist named Richard Duncan. He said that ever since world war two, every time the debt has not expanded more than 2%, the U.S. economy has gone into a recession. This means out economy is not only dependent on debt, but it’s dependent on […]
Time Value Of Money
Time Preference Derivation There is an idea and economics that involves thinking about money in two different ways. If you thought about having $1 million now versus having $1 million plus a little bit more in the future, there’s a point where the money that you imagine now versus that same amount of money plus […]
Origins Of Long Game
End of The Stone Age There are two major discoveries in human history that essentially have informed human society ever since. The very first was the change that stopped the Stone Age and began the Bronze Age. Most historians believe this happened accidentally. If you think about how they get bronze, they find bronze […]
Super Villain Potential
The Maze Solver I have a friend, my next-door neighbor, has this kid, he seven and he is a super genius. He loves to do these mazes. She is very luck, his mom, whenever she needs time to herself without being bothered or interrupted she just needs to print out several of these very complicated […]
The Freeloader Problem
Two Sides Of A Deadly Coin Way back in the day, we humans lived in small tribes of a few hundred people. Life was harsh. Getting food was difficult and dangerous. Predators were everywhere, and the food tended to run away. Animals didn’t want to be killed and eaten. Hunter Gather Instincts We humans […]
Excess Capacity
Too Much Brain? Imagine a small coffee shop, just getting by. They have their loyal customers and workers. The owner is a family man, and ekes out a middle class life. Then a bakery moves in next door. The bakery is a sudden hit. Because of the bakery, and the smells that drift into the […]
Time Preference Destruction
The Death Of Every Society In a recent post, we talked about the idea of time-preference. How it is the meta skill that is behind every other skill. How the lower your time-preference is, the more easily you can delay gratification. The more you can plan your future instead of living day to day. In […]
How To Slowly Build Your Naturally Expanding Seductive Powers
Ever wonder why some people get rich,and some people are always broke? As much as we’d like to believe it’s pure luck (which, of course, protects our ego) those rich guys are constantly doing stuff that most other folks don’t. It’s really not complicated. They just don’t spend all their money. They see money as […]