With the recent U.S. Supreme Court decision upholding the constitutionality of the the Patient Protection and Affordable Care Act, and the ensuing uproar around the dangers of a “new type of tax”, I’ve been thinking a bit recently about the maximum sustainable tax rate for a given country. So I started to do some digging, […]
Last week, Kaleil Isaza Tuzman turned me on to the blog of Martin Varsavsky. It’s a great blog, and in a recent post he spoke about how understandings of entrepreneurship and wealth creation (or the lack thereof) were affecting Spain. His train of reasoning brought me back to my musings around the relationship of time, […]
A while ago I wrote a quick post on what I suppose has become my core economic theory: that Money Is Time. As I’ve recently moved to Central Europe, I’m taking a new look at the world around me, and thinking about the problem of unemployment — particularly the unemployment of the youth.
I think I can fairly assume that everyone is familiar with that old chestnut, “time is money”. But I think that phrase’s usage in the vernacular has lost the property of equality. That is, when people say, “time is money,” they mean it in the sense that “the sky is blue”. However, to truly understand […]