The Problem The financial concept of double expenditure is when a financial instrument or unit of value can be spent by more than one person at the same time. The ability for two people to use the same financial instrument at the same time effectively turns one dollar into two, tantamount to monetary inflation by …
Author Archives: doncooper
Romglish
The last 10-15 years, Romanians have begun substituting English words for Romanian words when they speak Romanian. Not because they don’t have those words in Romanian, they do, but simply for the sake of substituting English words. There is no practical reason, there is no problem that it solves. Some will try to justify it …
Logic
There is no objective definition of intelligence or way of measuring it and if we try to construct too complicated a definition, it may take the analysis off into the weeds or down a rabbit hole where anything can be argued regardless how ridiculous. So for this analysis let’s define it as abstractly yet functionally …
Origins
“Artificial” in the acronym “AI” isn’t meant to mean that the system appears to resemble or imitate human intelligence – like an artificial tree resembles a real tree. It’s meant to mean that it is actual intelligence created artificially by humans in machines rather than by nature. Proposition: Artificial Intelligence cannot become as intelligent or …
Is Protesting Democratic?
What does democratic mean? Depends on who you ask but I’d say it’s fair that most people perceive the concept to mean “the people” are the government – whatever that means and regardless how obvious it is that that’s simply not the case. “The people” are “represented” by politicians in a congress or parliament who …
Soldiers aren’t sent to War, they are the War.
When I was doing some work in Germany in 2016, I took the local train from the quaint little German village where I was living to the neighboring town where I was working. The train stop was outdoors right across from a large grass covered field with a couple rolling mounds peppered with yellow flowers. …
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Credit Score
Most people believe they must maintain a good credit score and that having a good credit score is a social signal that they are financially responsible. The truth is exactly the opposite. All fiat money created by central banks and the treasury is debt. When someone swipes their credit card or takes a loan, new …
Breaking Relativity
Two fundamental concepts humans have defined to describe the world around them are spatial dimensions and time. These are human concepts, no other form of life on the planet utilizes them, cares about them, they are uniquely applied by humans trying to model and understand the physical world. We define the concept of spatial dimensions …
What is a Store of Value?
In economic terms, when people talk about a store of value, they’re talking about an economic good that retains its exchangeable market value in the short-run and the long-run. All value is individually subjective so exchangeable market value is the assumption that consumers and producers in the aggregate feel confident that there will be a …
Intellectual Property
There is no such thing as ‘Intellectual Property’, it’s a politically contrived concept meant to provide legal economic privilege for some at the expense of others – as is the case with all political economic intervention. IP is the concept that physical property represents ideas and those ideas are also property and they deserve protection …