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money. I just begin thinking about how our understanding of what a country should do should be use to “govern” our self better and live a better (=richer) life.
What’s wrong?
For example, countries that peg prices go bankcrupt because bad price send the wrong signal. How many of us do the same thing.
When we get richer the price of our time go up. When we work hard, the marginal cost of working one additional hour go up again. Yet we keep working and working. Why? Because we peg the price of our time when we’re still poor.
Countries don’t get richer from working harder. Countries get richer from having the proper and natural price system (i.e. market). The same way we should avoid excess and produce what’s necessary (have high marginal value). At the optimum, the marginal rate of substitution between all endeavor should be the same. Just like in free market country.
Maybe just like countries should embrace free market, we should trade off our time well.
Maybe just like countries should kill their criminals, we should let go part of our self, that want to screw others. At least most part of it. On the other hand, we shouldn’t blame ourself for being vengeful because that part of us does have it’s use, if not excessive.
I just want to be wiser and richer. That’s all.