Category Archives: Business

THE BIG-BANK THEORY OF MONEY AND NPV BLACK HOLES (From 2015 Original)

STATIC ASSUMPTIONS CAN ONLY HAPHAZARDLY DESCRIBE THE DYNAMIC NATURE OF HUMAN ECONOMIC INTERACTIONS

BETWEEN THE IRON GATES OF FATE, THE SEEDS OF TIME WERE SOWN​WITH SOUND

“The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled. With something so important, a deeper mystery seems only decent.”
John K. Galbraith, 1975 “Money: Whence it came, where it went”