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 …
Author Archives: doncooper
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 …
Artificial Intelligence?
The definition of intelligence is a philosophical question for which there is no one, objective answer so if we don’t really know what intelligence is, we can’t know what the concept of Artificial Intelligence is either. The term Artificial Intelligence (AI) being used in popular culture is a marketing slogan to sound impressive, technologically advanced …
Is Government Productive?
Some people will argue that just because the government does something, anything, that it’s being productive. But whether someone, an organization or government is productive or not depends on the value of what is done and the costs to do it. If the costs are greater than the value then it’s consumption. Productivity means taking …
The Argument of Nothing
I can create, invent, make up straight from my imagination any phenomenon I want. Since I just made it up, obviously it doesn’t exist in reality, it’s not real. And because it doesn’t really exist, its existence cannot be proven or disproven, so any argument made in terms of its existence can be made with …
Net Zero (Chance of Survival)
How is politics not a religion? People who believe there is an existential climate crisis due to human being’s use of carbon based fuels are looking crazier and crazier every day, why isn’t anyone talking about the insanity? They have reached cult status worshiping yet another god for which there is no verifiable proof of …
The Fissure Bridge
Confirmation bias is the concept that people’s currently held beliefs bias how they process information and make decisions. Any information that agrees with or confirms their currently held beliefs will be processed and any information that doesn’t will be filtered out. Confirmation bias then reinforces people’s currently held beliefs and hinders critical thinking, innovation and …
Is Morality Objective?
Objectivity means the absence of subjectivity, a universal standard applied to everyone equally. Gravity is an objective physical law, jump up in the air and you will come falling back down to earth. In this context, can we say that morality is objective, is there a universal moral standard that can be identified and applied …
What’s Wrong with Public Education?
The problem with public education is that it has nothing to do with education, it’s politics. Public school systems are political institutions, administered, run and funded by bureaucrats for political expedience. Is there anyone who doesn’t understand the inherent inefficiencies, half-truths and political horse trading of politics? People you wouldn’t trust to babysit your kids …
Male-Female Wage Gap?
Depending on which ‘study’ you read, some believe that there is a systematic difference in the amount of money companies pay men and women for the same work and they claim the difference is due to sexism. Let’s distill the issue of emotion and consider it rationally, reasonably, logically and with some common sense. First …