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The solution to this specific problem and from there so many others is staggeringly simple but its implementation is blocked by the very powerful vested interests this current
problem is a reiteration of the same problem that has echoed down the Ages from the time of Solon’s reforms described variously but probably most famously by Plutarch.
David Greiber in his excellent book debt the first 5000 years has the full chronology in my mind it is on a par with A History of Western Philosophy by Bertrand Russel.
The key is to building a community framework of understanding of the money creation process.
Famous quotes not withstanding by Henry Ford, and Meyer Rothschild this simple 30 minute talk gives an admirable start to any framework of understanding.
1. http://www.positivemoney.org.uk/how-banks-create-money/money-destroyed-when-loans-repaid/
1. https://www.facebook.com/PositiveMoney
Heres a blog I did regarding my own framework of understanding as it developed.
http://letthemconfectsweeterlies.blogspot.se/2012/07/frameworks-of-understanding-mine-as-it.html
I did another on Busy fools, I look back on my business career which was very successful I built a 100 million pound business in 5 years in my 30ś I now see plainly I was a useful idiot just doing the bidding of my Merchant banker financiers.
http://letthemconfectsweeterlies.blogspot.se/2011/05/ruskins-critique-of-classical-political.html
In Memoriam: Martin Shubik (1926-2018)
Martin Shubik, he of the Shapley-Shubik assignment game, and the Shapley-Shubik power index passed away on Wednesday August 24, 2018. As he passed into the `seventh age’ of man he suffered a progressive muscle disorder characterized by muscle inflammation, weakness, and atrophy (wasting).
Born in England, he was the middle of three remarkable children. His older brother, Phillip Shubik was a distinguished cancer researcher. His younger sister, Irene Shubik was a well known TV producer. She was, for example, the producer for the first season of Rumple of the Bailey.
Evacuated to Canada during the blitz, he went on to the University of Toronto and subsequently to Princeton where became a student of Morgernstern. There he became part of a celebrated cohort that are familiar in our mouths as household words; Nash, Shapley and Kuhn. Shubik himself roomed with Nash and Shapley. In his obituary of Nash, Shubik writes:
“John, Lloyd, and I were competitive in our research, which John enhanced with practical jokes such as removing the light bulb from a fixture in our joint bathroom and filling it with water, poised to drench his roommates.”
Shubik was well known as a wit, raconteur and gourmand of rabelaisian proportions. Among his pet peeves was that the classic New York deli would be killed off by the coming fashion for health food. He urged:
“Run, my friend—do not walk, for time is short and the world is about to be buried in bran flakes.”
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i picked up a second hand copy of Hardy’s theory of numbers the other day
Not that he enjoyed the book – it reinforced his view that it was important.
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