Principles of economics, translated

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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How Klassy got her groove back.

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