From Herb Ruhs
The Compassionate Misanthrope
Boonville
Being the silly sort of fool that I am and blessed with masses of free time, I have spent countless hours over the last few years reading many thousands of pages of dense economic texts, listening to an endless series of podcasts and speeches on economic issues, perused innumerable blog posts and comments and diligently followed the words of numerous financial experts. My activities might seem a shade less foolish if I actually had any money of my own, beyond a diminishing monthly social security “entitlement,” but my labors have led me to the understanding that those who have money are the least likely to understand economic reality.
Growing up in an educationally disadvantaged social setting while exercising a little intellectual curiosity meant that I was always being assaulted by insults like, “If you are so smart why aren’t you rich?” I wondered about that too, still do. Half a century later I now understand that, contrary to the intuitive sense, the question we should be asking is, “If you are so stupid, why aren’t you rich?”
Money is a fascinating topic regardless of the frame used to look at it. Straight up economics is so complex and convoluted as to be the purest vein of bull feces ever devised. The anthropologists, with their cross cultural, archeological and historical perspectives tend to be the most informative about money (David Graber, Debt the First Five Thousand Years). The sociologists mostly seem confused on issues of value and economic behavior. More…



























