On Money

Money is abstracted human time. Interest (debt) is the expected rate of human advancement (evolutionary, technological). Inflation is the devaluation of old, previous human time, caused by interest (debt). Similar, human advancements are inherently deflationary. Profit is excess human time, the sum of what customers pay too much and what employees are paid too little. The nature of profit channels this excess human time into the hands of owners, who then get to decide what to do with it. Eiter benevolent, or malicious.

Limited amount of money without interest is standstill, regression, death. New human time is regularly added via procreation, thus new money must be created to account for that.

The absolute numbers don't matter. How humans rate the value of each other's time relatively, matters.

Why do we want to have money?

Having or getting money, meaning having or wanting to have access to the time of other humans, is always a means goal and should not be an end goal.

Wanting to be super rich, is the same as wanting to be super powerful: you want to be able to tap not just in your time but into the time of a lot of (all) people. Ultimately, you will notice, that your means of exercising said power are increasing with wealth, but limited.

You won't get your own time back.

OZWIP Explanation: how money and interest came to be

OZWIP Farmer story

OZWIP Total money

OZWIP

OZWIP The compounding value of ideas, knowledge and tools

--> ideas and knowledge search as a mean of automation similar to tools

OZWIP Profit, Automation and Monopoly

Profit is the sum of what customers pay too much and what owners pay employees too little.

OZWIP Explanation

OZWIP TODO