Working for a fairer and greener world that promotes the well-being for all living things. I have been kind of obsessed with this purpose for 14 years now. Been studying, and reading a lot to find truth and solutions. Had several green jobs, and started companies offering green solutions. Exhausted myself which also gave me time to reflect and learn. Realized I had to understand how the economy works. Did that for several years, while working (still do). Found bitcoin, and then learned about the Austrian school. Now work in the recycling industry, and writing in my spare time. Currently 33 word pages into a text with the tentative title «the most important solution for a fairer and greener world that you’ve never thought of». Hoping to one day send you the text.
Have I understood this correctly: Money is a claim on goods, earned through work/value creation, while credit is a claim on money. In todays paradigm, credit has the same status as money, but it’s backed by theft of other peoples work? Consuming before producing is not possible?
Great piece! Thank you! In norwegian we call it «lidenskap», and I feel your suffering. I’m apart of a program called «young climate leaders in Norway» and you can imagine how hard it is to take part when no one seems to understand economics. It’s like I’m the only person that actually see the giant elephant in the room. That’s why I’m writing a piece for environmentalists, that have the right motives, but just lack the understanding of the underlying problem.
Growth in productivity has weakened in high income countries, and are reported to be about 1 % after 2008, while it was 3 % from 1971-2007.
It raises several questions in my mind. 1) Has it really gone down? It goes against the trend. 2) Is it that it hasn’t actually gone down, but that it is not being reflected anymore in income because of infinite supply of certain digital goods? 2) Is it partly because of rising income inequality? 3) Is it because of failing fiat currencies, causing low productivity businesses to still operate and an evergrowing workforce doing non-productive stuff like predicting the next move of a failing currency? 4) A mix of all of the above?
#[0]
#[1]
Hello, world!