Friday, January 29, 2010
Vic Lockman's Biblical Economics in Comics.
Very Austrian and very much follows Economics in One Lesson by Henry Hazlitt.
Teach economics using this book. Kids like it.
Vic Lockman Money Banking And Usury
Monday, September 15, 2008
Simple Economics - 2. Barter

There is another problem. It would be hard to pay workers with items they might not need or want.
Direct exchange is only the beginning of the economic system.
Thursday, September 11, 2008
Simple Economics - 1. The Value of Exchange

Did Robinson Crusoe have money?
How did money begin? Can you eat gold coins?
Crusoe and Friday could just TRADE with each other for the things that they wanted or needed.
To “trade” is to swap, exchange, and barter.
When Crusoe, say, exchanges some fish for lumber, he values the lumber he "buys" more than the fish he "sells," while Friday, on the contrary, values the fish more than the lumber.
The fish may be more valuable than the lumber. The exchange does not have to be equal.
When more and more people come together and more families want to exchange with one another “markets” and “money” start to show up.

Men exchange because they need or want goods, services, or both.
Different people in different places provide different goods and services to exchange.
Exchange is also called commerce.
A system that allows trade is called a market.
The original form of trade is barter, the direct buying and selling of goods and services.
Most of the time modern traders “exchange”, buy and sell, with money.
As a result, buying can be separated from selling, or earning.
Exchange is the lifeblood,
not only of our economy, but of civilization itself.
copy, print and color. Where is the market?
source: Murray Rothbard
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Inflation Calculator
Economics for your Children:
Teach your children not to be debtors.
Look up the laws of economic liberty
- Not to steal money stealthily Lev. 19:11
- The court must implement punitive measures against the thief Ex. 21:37
- Each individual must ensure that his scales and weights are accurate Lev. 19:36
- Not to commit injustice with scales and weights Lev. 19:35
- Not to possess inaccurate scales and weights even if they are not for use Deut. 25:13
- Not to move a boundary marker to steal someone's property Deut. 19:14
- Not to kidnap Ex. 20:13
- Not to rob openly Lev. 19:13
- Not to withhold wages or fail to repay a debt Lev. 19:13
- Not to covet and scheme to acquire another's possession Ex. 20:14
- Not to desire another's possession Deut. 5:18
- Return the robbed object or its value Lev. 5:23
- The court must implement laws against the one who assaults another or damages another's property Ex. 21:18
- Not to murder Ex. 20:12
- Not to accept monetary restitution to atone for the murderer Num. 35:31
- The court must send the accidental murderer to a city of refuge Num. 35:25
- Not to accept monetary restitution instead of being sent to a city of refuge Num. 35:32
- Not to leave others distraught with their burdens (but to help either load or unload) Deut. 22:4
- Conduct sales according to biblical law Lev. 25:14
- Not to overcharge or underpay for an article Lev. 25:14
- Not to insult or harm anybody with words Lev. 25:17
- Not to cheat a convert monetarily Ex. 22:20
