Three Meditations

The first is a maths and physics one from Toby.

The second is one on job-seeking from Richard Murphy.

Richard J. Murphy is Professor of Accounting Practice at Sheffield University Management School. That sounds like a proper job. He has a blog: https://www.taxresearch.org.uk/Blog/

My thoughts on listening to his video:

Leaving employment to the "jobs market" has the same effect on people's time that leaving pricing to the free market has on the value of natural resources. What ends up determining the monetary value of the goods is solely the opinion of those who happen to have enough money to actually buy those goods. Donald Trump seems to have the same problem with his policies of tariffs in the United States. He has to convince people there that imposing tariffs on imports will force those multinational companies who want to sell into the US market to move their manufacturing into the United States and invest in US citizens and US real estate in order to access US markets for their goods. He thinks that can be done very quickly, so that the people whose jobs rely on reselling imported goods from abroad can quickly be reemployed by the companies who relocate their manufacturing to the US. He also thinks tariffs can be used to prevent foreign companies from dumping low-quality goods. So he seems to be relying on some sort of secure and reliable way to regulate those industries. I wonder what that will involve? Government funding of the regulatory bodies? How quickly are those regulatory bodies going to be able to respond to this construction boom he's expecting?

Then listened to this, first of a series of videos called economic truths introduced here:

My comment:

I thought the government's way of controlling the money supply was through interest rates, but the Bank of England sets the rates and the Bank of England is not a government body, is it? The global problem is that the Central Banking system, through fractional reserve banking, is converting natural resources of cash-poor, resource-rich countries like Bolivia into waste. That is the spring that is ultimately the source of the money supply.

The third is Julia Buenaventura on Colonialism and natural resources (including labour):

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