The source of Time

…We started out with the image of time that is familiar to us: something that flows uniformly and equally throughout the universe, in the course of which all things happen. With the idea that there exists throughout the cosmos a present, a “now” that constitutes reality. The past for everyone is fixed, is gone, having already happened. The future is open, yet to be determined. Reality flows from the past, through the present, toward the future—and the evolution of things between past and future is intrinsically asymmetrical. This, we thought, is the basic structure of the world.

Les gens de l'IP — L'esprit généreux de Carlo Rovelli - Inside the Perimeter

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Sound Money and Individual Freedom

SALT — Dr. Saifedean Ammous

«…In the world of fiat money, having access to the central bank’s monetary spigots is more important than serving customers. Firms that can get low-interest-rate credit to operate will have a persistent advantage over competitors that cannot. The criteria for success in the market becomes more and more related to being able to secure funding at lower interest rates than to providing services to society»

(…)

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The myth of the barter

Graeber

Graeber recently passed away and I allow myself to share with you one of his most popular (and controversial) passages.

While he found a gold mine debunking some historical inaccuracies of «the myth of the barter» as usually presented by armchair economists, ironically he still managed to get the underlying economic principle that eventually explained the (Mengerian) origin of money (very) very wrong. Right facts, wrong interpretation. 

May he rest in peace.

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What is Intelligence? Do You Know It When You See It?

It may seem odd, but let’s start our discussion of intelligence with the value of pi, the circumference of a circle divided by its diameter. As you know, the value of pi is always the same: 3.14 … carried out to an infinite, non-repeating sequence of decimals. For our purpose here, it’s just a very long string of numbers in seemingly random order that is always the same. This string of numbers has been used as a simple test of memory. Some people can memorize a longer string of the pi sequence than others. And, a few people can memorize a very long string…

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