Category: econocaste

economics .. the short version, since the long is wasted on the young

Money Is Fungible

Posted on Posted in econocaste, Koch Sucker

The argument on debate as mutated from save the cost of welfare by providing family planning to save money.
The econocaste has discovered that the word “fungible” has power. It can be used to making more Koch Suckers in the politcix. It can glaze over the eyes of journalists. Doesn’t it sound so precise, even scientific.
And of course money is fungible. It can flow freely, just like water. It can, like water, also be held in containers. It can be pooled up and transported. That is why funding regulations often carry reporting criteria. That is the evidence of transport, of containment. These regs could be written as percent of total. Just think more.

Fungible Part B:

Just accept the premise that we cannot fund portions of government because of the fungibility of money and therefore it allows those people getting the funds to do immoral acts, primarily have an abortion. Accepted. We have to withdraw funding from the military since soldiers have abortions using the money received. Or… see it works because it is logical, rigorous and complete.

Any Serious Economic Understanding Means Knowing These

Posted on Posted in econocaste

To find yourself in an economy is to find yourself in uncertain thicket. Thickets beyond full, perhaps beyond, real understanding. Perhaps because there is no organic nor atomic basis for the economy. See these notes:

Theory of Value: an axiomatic analysis of economic equilibrium: note (p.28) “… it is assumed that the economy works without the help of a good serving as medium of exchange.” — Debreu

but Herr Docktor knows it is odd to define away money from an analysis of economic value. He offers further self critical awareness to us with this item:

Two important and difficult questions are not answered by the approach taken here: the integration of money in the theory of value.. and the inclusion of indivisible commodites. — page 36, Theory Of Value

Now you know more about the card game, do you feel better about the price of knowledge?