They do one thing at a time. They do it extremely well.

Eight entities came to the table.

And notice, the money supply at least as we defined it with this M1

I learnt many things here.

Mass production?

Birds feed on berries and corn seeds.

Born of stone, on the mountain of fruit and flowers.

You did all sorts of work putting that meal on your table.

Saving the cost of fossil fuels Reduction of CO2

This farm yields enough fruit to meet our needs.

They're not really used to make widgets, or to sell widgets or market widgets, or help the CEO in any way do his or her job.

Gross National Product is not the same as Net National Product.

What did your scientific tests show?

Life was very small for most people.

The answer is no.

GDP says look, if it was produced inside the country, we don't care who it's been produced by.

This will lead to inflation.

(Laughter)

By some estimates, up to 70 of time is spent just reading existing code.

And then on the horizontal axis quantity, produced.

Why didn't they put it into production?

which I find is somewhat ironic.

Then I have the fruit from Europe for the ranchers.

Now let's say I can take this 20 thread and I'll stay with white I can take this 20 thread and I could throw in some more labor

But that's not how much income we made, because there was a

We've got to reveal the dangers in the product.

And as an economist, we can also look at that side of the story. These are people who are productive agents in the economy.

Just smart people moving bits. Different rules.

2006 was a great year.

Look at the outcome as blocks.

And to understand it, let's think about how jeans might be produced.

They had their entire lives ahead of them birthdays, graduations, weddings, kids of their own.

What's the most important things you need to do for the business to make the business model work.

Or, another way to think about it is the cost of production.

Four decades later, the world consumes between three and six barrels of oil for every one that it finds.

Production was centralized in assembly plants.

National message. Targeted individuals.

They were going to produce 1,000 cars a day.

Doubt is our product,

It's our output. We're off.

The cook can't stop.

And we're replacing that with the largest industrial project in the history of the world, which is producing the most high carbon greenhouse gas emitting oil in the world.

Organic fruit. candles.

Old fruit! Woodhouse speaking of fruit,

That's what IBM does in software services, and they've done reasonably well.