The following post pertains to a key aspect of the US taxation system that has not been explored in sufficient detail back in The Work-Standard (2nd Ed.). I discussed the current US taxation system regarding its obvious economic and fiscal… Read More ›
Total Educational Effort
Various Entries in The Third Place (1st Ed.) were devoted to describing three Modes of Production that are relevant to understanding how the Work-Standard will function if implemented in practice. Those three were designated as Production for Profit, Production for… Read More ›
Many people go to Las Vegas every year to not only smart out the numerous fruit machine and poker tables that are in a number of the Las Vegas gambling establishments and hotels. Some people declare that they can have… Read More ›
For someone who has been to Las Vegas on three separate occasions, I truly have no interest in gambling. The brightly lit machines are pretty and that’s about the extent of my awareness of the casino floor. There is, however,… Read More ›
Based on the current literature, there are currently two conceptual definitions for what passes as an “Energy-based Currency.” One interpretation suggests that such a Currency is really a metaphor for Cryptocurrencies such as Bitcoin, which relies on consumption of electrical… Read More ›
Going to be busy taking care of personal matters outside of the Blog. I still need to delve further into the existing literature about the Energy-based Currency. Expect another Work-Standard critique before Saturday.
In Philosophy, the most common conceptions of Currency were entertained by two predominant Theories of Money, the “Commodity Theory of Money” and the “Credit Theory of Money.” Those two Theories of Money helped contribute to the rise of the Fractional-Reserve… Read More ›