Aehso’s Output

Money As Debt

“Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist”

Kenneth Boulding

If you want to understand how the global economy got into the mess that it is in, you could do worse than spend 45 minutes of your life re-learning more about how money is created. At the very least, it will remind you of some of the fundamentals you may have learned in Economics classes of old. Be warned, you’ll probably get a distinctly queasy feeling @ about 22 minutes in.

(see Money As Debt site for references)

New word of the day for me: Usury

Do you think apartments are expensive in Dublin?

It’s a relative thing really, expense: The Telegraph is reporting

Four flats overlooking Hyde Park are on sale for a rumoured £84 million each, the highest price ever asked for a British flat
…..
The complex will also have a spa, squash court and private wine-tasting facility.

The wine-tasting facility is probably the clincher for any prospective purchaser really. That and the prospect of having an arms dealer living next door…

(via BldBlog)