X | Shared With: Everyone - Jun 18 2008 | free, lunch, economics, commons
Quoted: The tragedy of the commons is a type of social trap, often economic, that involves a conflict over finite resources between individual interests and the common good. It states that free access and unrestricted demand for a finite resource ultimately structurally dooms the resource through over-exploitation. The term derives originally from a comparison noticed by William Forster Lloyd with medieval village land holding in his 1833 book on population.[1] It was then popularized and extended by Garrett Hardin in his 1968 Science essay "The Tragedy of the Commons."[2] However, the theory itself is as old as Thucydides[3] and Aristotle.[4]
- X | Shared With: Everyone - May 28 2008 | money, economics, future
Quoted: THE Leading Prediction Market. Trade political futures and tap into the wisdom of crowds.
- X | Shared With: Everyone - Dec 24 2007 | video, economics, politics, best
click to playWonderful documentary. Anyone who owns a credit card should watch this and get informed about how scary the whole system is.
Its amazing that credit card companies are allowed to get away with such blatant predatory dishonesty.
- X | Shared With: Everyone - Dec 06 2007 | best, video, politics, economics, news, money, finance, jiae
click to playEver wondered where money comes from (its not what you think)? or why america has massive inflation? Watch this, its pretty amazing, and pretty scary.
Quoted: __Expand to see INDEX__This highly informative and easy to understand film covers just about everything that isn't taught in school regarding the corrupt ban...
- X | Shared With: Everyone - Sep 21 2007 | police, news, politics, economics
Quoted: A Rockford couple was arrested this spring for using and trying to use "Liberty Dollars" at three Walworth businesses.
- X | Shared With: Everyone - Sep 21 2007 | news, economics, politics
Apparently there is an organization distributing currency directly tied to gold and silver values, they are trying to get it more heavily adopted, and claim that you will make more money by converting all of your business into liberty dollars. Interesting idea if nothing else.
- X | Shared With: Everyone - Jun 15 2007 | video, politics, charity, economics, jiae
click to playBrilliant economic analysis of the world's problems.
Quoted: "If we had $50 billion to spend over the next four years to do good in the world, where should we spend it?"
- X | Shared With: Everyone - May 31 2007 | sex, evangelical, religion, economics
Quoted: Evangelical teens are actually more likely to have lost their virginity than either mainline Protestants or Catholics. They tend to lose their virginity at a slightly younger age—16.3, compared with 16.7 for the other two faiths. And they are much more likely to have had three or more sexual partners by age 17: Regnerus reports that 13.7 percent of evangelicals have, compared with 8.9 percent for mainline Protestants.
- X | Shared With: Everyone - Apr 04 2007 | video, politics, walmart, economics, bullshit, penn, teller
The most recent episode of bullshit, on walmart. Once again, they are totally correct.
- X | Shared With: Everyone - Mar 24 2007 | video, economics, world, statistics, jiae
click to playQuoted: Hans Rosling debunks a few myths about the "developing" world. Rosling is professor of ... all » international health at Sweden's world-renowned Karolinska Institute, and founder of Gapminder, a non-profit that brings vital global data to life.
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The carnage continues. I do think it's a good time to start looking for smart buys (e.g. market cap near book value).
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My latest blog entry...
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