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Odds 'n Sods:
Reader A.M. in Cocoa, Florida sent a link to a
very interesting video clip about a solar/hydrogen powered house. Coveting is a sin, but I must admit that
I sorely wish that I had his sort of budget.
o o o
Kevin A. recommended a piece of commentary by Darryl Schoon: Don't Cry For
Me Argentina... Save Your Tears For Yourself
o o o
Some escalation in the war of words in the nascent Cold War II: Russia
Issues warning : Military help for Georgia
is a 'declaration of war', and Russia
bans poultry imports from 19 U.S. suppliers,
and
Russia
may cut off oil flow to the West . Thanks to readers KAF, Susan Z., and Mr.
X, for the links.
o o o
Derek C. notes that anyone interested in some light game theory reading, might
consider a
piece from the Cato Institute, on how fiat money emerges from a barter economy.
Derek describes it": "The author's (quite intuitive) point is that
fiat money comes from convertible paper money, which in turn comes from actual
commodity money, which in turn comes from barter. this transference arises
because barter is an inherently unattractive form of exchange, because of high
transaction and search costs. The article has implications for the re-monetization
of precious metal commodities,
following an economic collapse."
o o o
Anther Friday, another bank failure: Integrity
Bank, in Alpharetta, Georgia.
There will be many more bank runs in the next few years, so be ready.
