The Universal Lens: Basic Logic of Any Self Organizing System 

(of which so far constitutes only life, but this logic applies to any and all future robot overlords[1]). All systems tend towards the inevitability of entropy. A drop of ink placed in a glass of water quickly and with statistical necessity will become a glass of tinted water. A rock placed in the water would… Continue reading The Universal Lens: Basic Logic of Any Self Organizing System 

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

Public Choice of Classic Chinese Literature

Water Margin (水浒传) is a book about 108 heroes who through one way or another become outlaws, it is one of the four great classics of Chinese literature and pretty jam packed with public choice messages (and the occasional cannibalism). Instead of a full summary of this thousand page long book I will instead point… Continue reading Public Choice of Classic Chinese Literature

Things I Wish Everyone Understood About Macroeconomics

Given some recent nonsense I have seen bandied about I thought I would do a quick write up of what I think is important for normal people to know about macro. -More spending is not some magic expand the economy juice. More money does not equal more significantly more production under normal conditions, or else… Continue reading Things I Wish Everyone Understood About Macroeconomics

Learning Economics as a Way to Curb Resentment

I think one of the most important reasons to learn economics is that if it is done properly, it can help you extend your empathy. Also knowledge of economics, specifically that other’s gain is not your loss, consistently helps me curb my natural feelings of resentment. I was standing in line to pay for my… Continue reading Learning Economics as a Way to Curb Resentment