Vital Knowledge: Economics
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Saturday, February 4, 2012 at 0:50 Few things that don't exist cause as much discord as Economics. You have something, I want it. I have something, you want it. How do I get your thing? How do I keep you from getting mine? This conflict has caused more pain and anguish to humanity than even the toughest heat-sealed plastic clamshell packaging. The most common resolution is the same, though: screaming, sharp objects, and blood.
What if there was a less violent way to open blister packs, though? And a less violent way of everyone getting what we want? It sounds Ludacris, but it's actually quite simple. You see, you may have noticed a certain symmetry in the quandary I presented. In other words, we each have something to bring to the bargaining table. You want my thing, so my thing has worth, and we can work with that. I give you my thing, you give me yours, and maybe we're both happy.
In an instant, Economy is born. It's not much, sadly, but people are pretty creative. Let's say instead of a thing, I give you a service in exchange for goods. I become an employee. What if we get sick of bartering with goods, and instead trade something symbolic of worth, which can then be exchanged for other goods and services later on? Now we're getting to the root of it.
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