{"id":2796,"date":"2016-01-04T22:05:51","date_gmt":"2016-01-05T05:05:51","guid":{"rendered":"http:\/\/www.sheer.us\/weblogs\/?p=2796"},"modified":"2016-01-20T02:04:27","modified_gmt":"2016-01-20T09:04:27","slug":"more-reiterating","status":"publish","type":"post","link":"http:\/\/www.sheer.us\/weblogs\/resource-allocation-systems\/more-reiterating","title":{"rendered":"More reiterating"},"content":{"rendered":"<p>This is a reiterating post, feel free to skip it.<\/p>\n<p>So, one of the things that I&#8217;ve talked about before is how our current economic system is very poorly equipped to deal with people selling very cheaply distributed intellectual property. It&#8217;s even more poorly equipped to deal with large corporations doing so.<\/p>\n<p>Here&#8217;s the issue. There&#8217;s a finite amount of money in play. Any time the government prints more, some very not-too-bright economists (Actually, they&#8217;re probably very smart, they just can&#8217;t see the forest for the trees) tell us that means the money is worth less. They, for whatever reason, can&#8217;t make the leap that there&#8217;s in fact more value (things that money can buy) available every day and that the money is a pointer to that value, not something with intrinsic worth of it&#8217;s own. However, because there&#8217;s a finite amount of money but you can make a infinite number of copies of intellectual property without diminishing it&#8217;s value (or at least N copies, where N is the number of potential users of said property), this leads to the money getting &#8220;bunched up&#8221; &#8211; landing in the hands of just a few individuals. Now, if those individuals were smart, they would give it away or spend it as fast as it came in, because that&#8217;s the choice that leads to the greatest wealth for all. However, they&#8217;ve been listening to economists for too long and think there is such a thing as a &#8220;money supply&#8221; and that money is a good all it&#8217;s own with it&#8217;s own value. (And, it&#8217;s true, you can live like that for a while, but sooner or later, with a finite resource chasing a infinite one, you&#8217;re going to find yourself short on money &#8211; and since money is just a *pointer* to value and not actual value, this is going to have deleterious effects on the operation of the system as a whole)<\/p>\n<p>Is any of this starting to resonate or make sense to you, Steve? You might find reading reading <A HREF=https:\/\/en.wikipedia.org\/wiki\/Pointer_(computer_programming)>the wikipedia article on pointers<\/A> helpful.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is a reiterating post, feel free to skip it. So, one of the things that I&#8217;ve talked about before is how our current economic system is very poorly equipped to deal with people selling very cheaply distributed intellectual property. It&#8217;s even more poorly equipped to deal with large corporations doing so. Here&#8217;s the issue. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"http:\/\/www.sheer.us\/weblogs\/wp-json\/wp\/v2\/posts\/2796"}],"collection":[{"href":"http:\/\/www.sheer.us\/weblogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.sheer.us\/weblogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.sheer.us\/weblogs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sheer.us\/weblogs\/wp-json\/wp\/v2\/comments?post=2796"}],"version-history":[{"count":5,"href":"http:\/\/www.sheer.us\/weblogs\/wp-json\/wp\/v2\/posts\/2796\/revisions"}],"predecessor-version":[{"id":2801,"href":"http:\/\/www.sheer.us\/weblogs\/wp-json\/wp\/v2\/posts\/2796\/revisions\/2801"}],"wp:attachment":[{"href":"http:\/\/www.sheer.us\/weblogs\/wp-json\/wp\/v2\/media?parent=2796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sheer.us\/weblogs\/wp-json\/wp\/v2\/categories?post=2796"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sheer.us\/weblogs\/wp-json\/wp\/v2\/tags?post=2796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}