The idea of money is warped in most people’s minds. Cash has no inherent value. Neither does gold, diamonds, or anything else used as currency. The only thing in the world of true value is time. In that respect, every human being on the planet is born of equal worth. We all have an average of 80 years, or 30,000 days, or 720,000 hours, and every second of those hours is extremely valuable.Continue reading
Tag Archives: economics
Best Nonfiction Books I Read in 2021
Note: The books from this list that aren’t available online for free are available for purchase through my Bookshop.org page.
1) Human Action: A Treatise On Economics (1940) by Ludwig von Mises
This is the bible of Austrian economics by the grandfather of Austrian economics, Ludwig von Mises. Human Action is Mises’ magnum opus on economics, philosophy, and history—or more precisely, it’s about what Mises terms “praxeology”: the study of human action, which all economic activity boils down to. This is a long book (it took me half the year to get through, which is why there are fewer honorable mentions this year) but it was worth it. You will better understand the world today by reading this 82-year-old tome than by reading today’s newspapers.Continue reading
Social Media is the New Word of Mouth
The best form of advertising is word of mouth, and the new word of mouth is social media. The aim of social media companies is to make their users spend more time on their platforms in order to generate more ad revenue. The more time people spend online, the less time they spend with other people in person, which means less time for physical “word of mouth” interactions. Today, people have more interactions with other people on the internet than in real life, making social media the new “word of mouth”. (This was true before the Covid-19 pandemic which only compounded this effect further.)Continue reading
Best Nonfiction Books I Read in 2019
1. The Age of Spiritual Machines: When Computers Exceed Human Intelligence (1998) by Ray Kurzweil
Kurzweil is an inventor and futurist famous for his optimistic predictions for technology in the future, particularly the idea of the singularity—when humans will be able to upload their minds to computers and potentially live forever—which he predicts will happen by the year 2045. Kurzweil has his doubters, but it’s hard to dismiss his track record of predictions when you look at how many have already come true in this book written over thirty years ago. Continue reading
Why are Blockbuster Movies Getting Worse?
Why are blockbusters getting worse? Short answer: Money.
Long answer: Blockbuster franchise movies have become such a cash cow that the corporations who own the major studios are relying on these billion-dollar movies as a primary source of revenue. The studios operate at the whim of the corporation’s board and shareholders, so they become risk-averse and reject any new or creative ideasbecause they don’t know if it will succeed or fail. Continue reading
MoviePass and the Netflix Business Model
I’ve always loved watching movies, especially in the theater. There’s nothing like seeing a film on the big screen with a full surround-sound system. It’s an experience you can’t quite reproduce at home. But I never went to see movies in the theater as much as I would’ve liked to because it was too expensive. In New York and Los Angeles, it’s $15+ for a ticket—and don’t even get me started on the food and drink prices. So last year, when MoviePass lowered their service to $9.99 a month, I immediately signed up. With it, you can see one movie every day, potentially thirty movies a month, all for $9.99—less than the price of one ticket. It was a no-brainer for someone like me. Continue reading