AMA Reply: Universal Basic Income

Money, money, money. Must be funny. It's a rich man's world. Aki asked, “What are your thoughts on universal basic income?”

We could start with the definition of “universal basic income” (UBI) which the Wiki says is “a form of social security in which all citizens or residents of a country regularly receive an unconditional sum of money, either from a government or some other public institution, in addition to any income received from elsewhere.” Continue reading “AMA Reply: Universal Basic Income”

Ask Me Anything — The Demonetization Edition

amaMoney is important. The real economy cannot function without a stable and predictable currency. Money serves as a numéraire, which the wiki defines as “a basic standard by which value is computed . . . the numéraire is one of the functions of money, to serve as a unit of account: to provide a common benchmark relative to which the worth of various goods and services are measured.”

These days, nearly all money is fiat money issued by the central bank of an economy which is controlled (indirectly perhaps) by the government. The quantity, and therefore the “price” of money (which is the interest rate), is controlled by the central bank. Continue reading “Ask Me Anything — The Demonetization Edition”

AMA: the “What I Profess” edition

Dashboard "Bobble head" Jesus
Dashboard “Bobble head” Jesus

This is a confession of my beliefs on a variety of subjects, some fundamental and some derivative. It partly answers the question “who am I?” and goes some way in demonstrating that the matters I profess have coherence, consistency and structural integrity. I will first introduce them as a list and then expand on each item as needed. I will keep this preamble brief as I expect that I will learn much about myself in the writing of this personal piece. This  is a personal confession; expect liberal use of the first person pronoun. Continue reading “AMA: the “What I Profess” edition”

Ask Me Anything — the Sparrow Edition

A sparrow drinking water
Summer drink

I like this picture I found on tumblr. There’s something satisfying about it. I think it has to do with what’s happening: the sparrow must feel contentment. (Hover over image.)

Anyhow, it’s time for this month’s AMA. What’s on your mind?