{"id":40430,"date":"2022-08-13T18:49:38","date_gmt":"2022-08-13T08:49:38","guid":{"rendered":"https:\/\/www.tomgrimshaw.com\/tomsblog\/?p=40430"},"modified":"2022-08-13T18:49:38","modified_gmt":"2022-08-13T08:49:38","slug":"economics-101","status":"publish","type":"post","link":"https:\/\/www.tomgrimshaw.com\/tomsblog\/?p=40430","title":{"rendered":"Economics 101"},"content":{"rendered":"<p>Friend of mine posted this as a comment. I thought it worth sharing more broadly.<\/p>\n<p>Jay Lawrence<br \/>\nThere is a simple set of economic facts that I realized that are most easily understood by these questions:<br \/>\n1) To your knowledge, is there an actual shortage of materials from which to make things? (Not is it available in your local store) NO;<br \/>\n2) Is there a shortage of people who are willing to produce things that other people want or need? NO;<br \/>\n3) Is there a shortage of people who are willing to exchange their production in order to have the production of someone else? NO.<\/p>\n<p>Well, that folks, is economics 101.<\/p>\n<p>There is no problem with the economy. There is a problem with the monetary system. And there has been created a problem with people being able or willing to work, and this has been done through the money system so that the money system intentionally collapses in order to implement a new exchange system controlled by the very people who engineered the collapse.<\/p>\n<p>Well, that&#8217;s a bit strange since the purpose of money is supposed to be, &#8220;to facilitate and expedite the exchanging of production&#8221;. And yet here it is being used for exactly the opposite result.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Friend of mine posted this as a comment. I thought it worth sharing more broadly. Jay Lawrence There is a simple set of economic facts that I realized that are most easily understood by these questions: 1) To your knowledge, is there an actual shortage of materials from which to make things? (Not is it &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.tomgrimshaw.com\/tomsblog\/?p=40430\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Economics 101&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-40430","post","type-post","status-publish","format-standard","hentry","category-general-interest"],"_links":{"self":[{"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=\/wp\/v2\/posts\/40430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40430"}],"version-history":[{"count":1,"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=\/wp\/v2\/posts\/40430\/revisions"}],"predecessor-version":[{"id":40431,"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=\/wp\/v2\/posts\/40430\/revisions\/40431"}],"wp:attachment":[{"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}