Tag Archive for: bid-ask

The Anti-Concepts of Money: Velocity

Anti-Concept Velocity

If you’ve read the What is Money? essay from this Anti-Concepts of Money series we can now discuss the Anti-Concept of Velocity. That pseudo-equation MV=PQ described in the What is Money? essay leads us to the anti-concept velocity.   The Anti-Concept of Velocity Even in the gold standard, money supply is not a physical object that […]

The Anti-Concepts of Money: What Is Money?

The Anti-Concept of Money Series

If you’ve read the Introduction to this Anti-Concepts of Money Series then we are ready to address money. The Anti-Concept of Money Merriam-Webster says money is:  “something generally accepted as a medium of exchange, a measure of value, or a means of payment.”  Wikipedia says:  “Money is any item or verifiable record that is generally accepted […]

Why Are Wages So Low, Report 23 Sep 2018

Last week, we talked about the capital consumed by Netflix—$8 billion to produce 700 shows. They’re spending more than two thirds of their gross revenue generating content. And this content has so little value, that a quarter of their audience would stop watching if Netflix adds ads (sorry, we couldn’t resist a little fun with […]