Wise King Midas:80% of Macroeconomics in One Story

King Midas is the man who can turn anything he touches into gold. He has been used several times to illustrate a few basic principles about money(with the extra assumption being that during his time, gold=money. For this story, we can additionally ignore international trade just to make life easier). First, he was introduced to… Continue reading Wise King Midas:80% of Macroeconomics in One Story

The Tale of Rather Foolish King Midas

King Midas is the King from Greek mythology who had the gift to turn anything he touched into gold. In the story of slightly wiser King Midas he gains the ability to control which things turn into gold and which things do not. This was used to illustrate that real goods, not money (in this… Continue reading The Tale of Rather Foolish King Midas

The Last Wilderness III: Planet Graggazzit and its “People”

Planet Graggazzit, as previously stated, is a terrarium world, its native intelligent race, the Glorbs not well suited for the types of control the Malflorians implement on their development worlds (pet worlds). As one side is bathed in constant light of its star and the other constant darkness, it is a planet much less averaged… Continue reading The Last Wilderness III: Planet Graggazzit and its “People”

The Last Wilderness I: Hello and Goodbye

And so it was the illustrious race of man found themselves as pets. I was in college at the time. Really you would be amazed at how little of a drama it was. They arrived in advance of their light stream hitting earth. World Governments were caught with their pants down, not that it mattered… Continue reading The Last Wilderness I: Hello and Goodbye