And economics is very interested in scarcity.

It is the ultimate scarce resource, the one planet that we share.

18.Rare diseases

Some... student looking for financial aid.

I want to tell you about another disorder.

That's my equity.

And these are no longer in production, so you have real collector's items.

Because it has no liabilities, it has no debt, and its assets are equal to its equity.

Coltan is rare in the future.

And what is required is a combination of physical capital, institutional capital, human capital and security, of course, is critical, but so is information.

And then on the equity side, because we have no liability, so in this case assets will be equal to equity.

That assets, A for assets, is equal to

But we'll do a whole playlist on that.

So what can we do?

So this is just another visual representation that

It doesn't sound like we borrowed money or anything.

Now, they are there. Space is full of them.

Is there any hope whatsoever?

What are you talking about? Rare coins.

And then, let's say, we have several time periods.

So now the Special Purpose Entity is the owner of the mortgages .

Iridium is one of the rarest elements.

You love your heroes.

And so you can see very simply that assets I'll write this down, you're getting a little bit of a introduction to accounting right here but assets are going to always be equal to liabilities plus equity.

People can do a whole PhD thesis on this type of thing.

It should start to make a little bit of intuitive sense

liabilities plus equity is equal to assets.

And then the equity is, essentially we would look at this formula.

You have a job. You have hope.

He's a rare breed. He's a capuchin. He's not just a monkey.

Maurice is gonna talk to you about some corporate restructuring.

liabilities plus equity.

This is their current assets, and let's say that is is their liabilities over here, so liabilities, and then this is their equity, although the federal reserve's equity is a little bit strange, it's not like traditional equity, that they get all the excess profits and all of that, all the excess profits actually go to the US government.

liabilities.

We need flat land, we need 300 days of sunlight, and we need to be near a gas pipe.

In a world without leverage so if I didn't have all this

less capital intensive that there's less money that's required

There's a file at the Juvenile Court.

My liabilities would be 145,000.

But let's say its assets are worth 1 million.

If you can't change the meaning, what can you change?

It seriously threatens the livelihoods of millions of people, and especially in Africa and China.

Capitalist country.

So we still have 5 million of debt.

And so there is a thread of something that I think is appropriate.