Thursday, 31 March 2016

Racism & stupidity at IHOP

Now, kids, what have we learned?

Freedom is important, but you don't have the freedom to speak non-English in the United States of America.

Very good, John. Anyone else?

Even though I didn't actually fight against the British Empire like my ancestors, we get to say "we did this & that" as if I was there in the 18th century, in actual combat.

Very good, Sandy. Anyone else?

The white lady in sunglasses should be reminded that the Bill of Rights had to be amended 17 times. With all of that hard-earned freedom, the Founding Fathers forgot a few things - such as slavery, and equal voting rights...

Very insightful, George. Someone else?

If you don't speak English in the USA, that means you want to bring in nazis & Castro.
Though, we had no problems with Batista.

Very good, Dennis.

Raising my voice & crying in front of a racist hag is a waste of time & effort.

Well said, Cindy.

The guy going on and on with "You can't do that" in a bothersome tone wasted his breath with cliches rather than employing logic 101 to debunk the hag's irrational statements.

Very good, Robb. You're always keen on details. Class dismissed. Have fun, everyone.

Wednesday, 9 March 2016

Money and the Myth of Barter

In the beginning, there was barter. Then, and forever after, there was money

That’s the myth every student of economics learns, that money grows out of barter. The idea is that monetary exchange solves the problem of the double coincidence of wants—that a person who is interested in trading needs to find someone who wants what they have and has what they want. Money makes trade much easier, so the story goes, and thus becomes a remarkable example of both human ingenuity and economic progress.

The fact is, as Ilana E. Strauss [ht: ja] explains, the story is false. Human beings did not invent money to solve the difficulties of barter exchange. Barter turns out to be a historical myth.

Read the whole thing here: