Category Archives: Economy

Money

Being that money is worthless, how much time does it take to turn it into something of real value, usefulness? If it takes an hour of labor to spend fifteen dollars, how long does it take to spend a million?
A new way of looking at money.

New word needed

I need a new word for certificates of debt or IOUs. Arrogating CD for certificate of deposit was clever. Many people are averse to debt, so it is best not to talk about it. It used to be that “money” was tabu. But, that word has now been rehabilitated, in part because the word says nothing about the nature of what it references. A quantified debt. How can that be characterized to convey both the relationship and its dimension?

The proposed “surface mine” on the mainland

We are talking about unincorporated Glynn County, Georgia here, where the land laced with rivers, fresh water wetlands and marshes is distinguished as the “mainland” from the barrier islands on the edge of the ocean. While the terrain is somewhat higher (21′ instead of a maximum of 12′ above sea level), the water table is just as high and infiltration is slow. Transpiration by the maritime forests helps, but not once the forests are cut down. Open water bodies do little to ameliorate temperatures, though they do retard the runoff of fresh water to the sea.
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“Liberals’ War on Work”

That is the actual title of Stephen Moore’s opinion piece published in our local paper after it first appeared in Townhall I had to check because the title alone is reason enough to object. After all, regardless of the meaning of “liberal” and “work,” the reference to war tells us what is going on is bad.
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Modern Money Mission

Money is the middleman in the resource conversion business. Let Resource Land Holdings in Colorado Springs explain their mission:

RLH was founded in 1998 to invest in agricultural, timber and mining properties in the U.S. Through partnerships with local brokers, operators and entrepreneurs, RLH invests in properties across a broad range of resource-rich asset classes. To date, RLH has organized and managed two separately funded entities as well as four private equity funds. Resource Land Fund I was capitalized with $20 million in committed equity and made its first investment in December of 2001. Resource Land Fund II was capitalized with $51 million in committed equity and made its first investment in July of 2003. Resource Land Fund III was capitalized with $175 million and made its first investment in March 2006. All three funds are fully invested. RLF IV had a final closing in August 2010 of $316 million in equity commitments.

In the olden days it was called “Buy cheap and sell dear.”

Commercial Class Conservation

Our contemporary CCC. It passes almost unnoticed and yet has a nationwide organization to promote what is essentially a parasitic enterprise. The commercial man is a parasite, neither producing nor using a community’s assets and resources. Instead, he just moves them around.
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Developers are Destroyers

Developers are destroyers. I do not know why we did not take that away from the nineteen eighties when suburban development left us with instant slums and urban redevelopment resulted in acres of vacant land.

I do not know why whole “underdeveloped” countries stripped of their minerals, wildlife and forest lands did not clue us in that development is destruction by other than military means.

Now “economic” development is the new flavor, but claiming ownership of natural resources and taking them to market for a buck has the same result. The majority of the people are no better off.

Once the land is stripped of vegetation, wind and water complete the devastation. But, perhaps that is the point. As the young woman said, when her site plan was turned down, if she didn’t get permission, she’d just clearcut the forest without a plan.

Arresting development is sounding better all the time.