1 post from day 30/07/2014

photocredit: Paul Nicholson

An Economy of Scarcity?

Economic theory is based on the assumption of scarcity - why is that? Aren’t we, collectively, always creating and printing more money? It's not a limited resource, so why do we use it like it is? We can't run out of it. It's not clean water. Or pandas. We make it, and we can always make more of it. So why should we believe and act like it's going to run out? I make a conscious choice to live in a world of abundance, not scarcity. And that includes money. In Paying What It's ...

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