Principles of economics, translated

http://www.youtube.com/watch?v=VVp8UGjECt4

You know, on the study of economics, once you push past the really boring stuff, you get to the concentrated black magic and calculating evil of the whole thing: all money is loaned into existence, and all debt is a claim on future labor that assumes the future will be perpetually greater than the past. It is definitely a conflicted art, since almost all measures of progress are economic ones, in the forward march from agricultural to industrial to post-industrial societies.

And, by the way, yes, this is funny. Brought to you by the world’s first and only stand-up economist.

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About Klassy

How Klassy got her groove back.

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