by wildbourgman » Tue 02 Dec 2014, 18:12:48
$this->bbcode_second_pass_quote('', 'E')conomics, as practiced in the civilized world is a belief system whereby tangible value is impuned upon highly processed paper. The Puritian work ethic has been incorporated in the belief that hard work brings happiness.
Newfie, let me also challenge you on two other statements, if I may.
I'm not sure what you point is about the highly processed paper point. I myself see serious problems with our fiat currency system today, but it wasn't always that bad. Many economist say that currency whether paper, coinage, or something digitized somewhere is simply a certificate of labor or a store of labor. Excess Labor had to be stored somehow, in that people could gain wealth and spend it freely as they desired, so currency came about. Currency as a store of labor goes hand and hand with more liberty, so when you debase currency as we do today you are taking liberty away from the populace. Your stealing they're labor ex post facto, it's equivalent to slavery and/or outright theft. So that's not really a challenge depending what you were trying to say.
On the Puritan work ethic, have you ever built or done something and then stood back and enjoyed what you had created? Even if it's a nice big paycheck that you earned, or cleaning your house, your labor brings you joy. I'd be willing to bet I could find some articles explaining certain brain chemicals such as endorphins that get released after such toil that makes you feel good. Heck, I think I read one the other day about that very subject. If I find it I'll post it here, so I think there is more to it than Puritan brainwashing.