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

But this is just our capacity, our productive capacity.

And now you want me to give up this money and ship it to a stranger?

Microeconomics .. and those actors could be firms, could be people, it could be households.

The laws of nature are written in the language of calculus.

The more productive the economy, the greater the circle.

And macro economics is probably more guilty of it.

a latticework on which to hang your ideas.

Economics is the study of economic mechanisms.

Economic games. So what we do is we go into two areas.

Econometrics package

Von Mises, interestingly, believes economics is just a subset of psychology.

The topics range from math

The bottom of the pyramid is benefiting hugely from technology.

But this does not apply the other way around.

My employer an economist.

Here's a guy you all need to study.

And they see a 20 bill.

Here a new consciousness is being formed so that we can preserve our area as much as possible.

The idea that we had been part of that economic pattern that produced the cigarettes, that produced the cancer, it was so... lt was so painful on so many levels.

What about religion, poverty, economics...?

He is a great authority on economics.

He is a great authority on economics.

Instead, what we saw is a lot of people who cheat a little bit.

Regardless of the outcome, the pure act of anticipation makes us happy.

Great.

So this is exactly what I did.

He studied economics at college.

A nice thing. If you haven't seen it yet, come and experience the Solidarity Economy.

Well there's a couple of ways to do it.

Let me first grade what are the most important means.

Service economy is a useful labor that does not produce a tangible commodity.

We can see that we can take this equation and it can apply to things in economics, or it can apply to things in finance or it can apply to things in computer science or logic or electrical engineering or anything accounting

COuld lead to more wealth, more, a larger pie for everyone.

We have this view of ourselves, of others.

Westerners own two thirds of its wealth.

Here's another one.

He is a professor of economics at Hyogo University.

But how could this be organized in our society?

And we call that M1.

The economic strength of a country lies not alone in its ability to produce, but also in its capacity to consume.

They really cared about their monkey token dollar.

Here's an economic principle.

Let's graph it.

What I would like to see is idealism decoupled from all constraints.