Recent content by John Creighto

Ideologies of all sorts: religious, political, economic etc. are always at play because it helps for the people to have a moral rationalization for war. Economic issues are also very often relevant throughout history, be it a battle for land, resources, gold etc. Even wars about ideologies can...

This would seem to be a different issue then the topic of the original thread as it only answers if on average people in the stock market benefit. On the whole, the stock market would create wealth to the extent it improves the efficiency of production by properly allocating resources. It would...

I haven't delved into the subject but If you want to really understand them you should work your way through the following lecture notes: http://www.theory.caltech.edu/people/preskill/ph229/#lecture My impression is that any type of summary articles (such as Wikipedia) will be too brief to...

I watched you youtube video showing how to use windows 8 without the Metro interface. It can be done and looks pretty close to previous versions of windows in terms of functionality. The Metro interface looks as though it may provide some nice extra functionality for sharing between...

This might be true although, you certainly can't get as much text on one of your white board sheets as a standard piece of paper. This means to get a full class worth of notes it is going to be a lot of pictures and they are going to be spread out over more pages making the information more...

Some thoughts. Here are some free versions of SQL MySQL - is popular for PHP programmed websites - there is a version of PHP which runs inside of java SQL light - is integrated into the android office system HyperSQL - is used in open office applications. - allows you to program database...

It's a dry erase board made into a binder. The only possible advantage I can see in this over paper is it might be easier for software to convert what is written to text. He shows that this can be done in ever-note. One could instead take pictures (or scan their standard notes) and PDF them...

Consider the case where scarcity leads to the value of some good “A” being very valuable so that people hoard a lot of “A” thereby driving up its price. Consider some other good “B” which requires “A” to make and people who own “A” require a certain amount of “B”. People who own “A” may try to...

There are two ways to earn more wealth. The first is to get a return on that wealth, such as rent, dividends, capital gains and interest. The other way is to get paid for ones toil (in other words work for it). The first is often called the unearned remuneration (I need to check to see if I used...

I don’t really know the answer to either of these questions but I don’t think Peter Schiff has any solid analysis to back up his predictions. His ideas are founded on certain principles (not all of which I agree) and these principles are certainly a starting point from which one can better try...

What do you mean by "but not at the point of issuance"? If the person charging the interest spends the money they earn then that money is circulated back into the economy and can be used to pay off the interest. Of course if people hoard their wealth, then it is true that either new money must...

What matters is whether it causes money to circulate faster. If the person at the store considers the IOUs as good as cash, he may then spend more money. Alternatively if the IOUs could be traded (say they were backed by a check, credit card, or sold to a collection agency) the people who accept...

This is an old argument (See the chapter “Property is Impossible” from Proudhon's work, "The philosophy of Poverty”). However, as long as the money which is earned from interest is recirculated then in theory it could be used to pay off debts. What you are concerned about could be called excess...

Pessimism and optimistic are always well founded because I'm sure there will be plenty of good and bad things in the future. Peter says a lot of things so which points do you have questions about? I feel as quantitative easing is necessary unless nations are either willing to cut spending or...

I think we are getting bogged down by the details of the current economy. The first thing to remember is money is not a physical asset but a medium for exchange. Well a physical asset can be used to back money or a non-physical asset (such as debt) when I exchange a good (such as my labour) for...