Gold nugget economics: I’m gold, you’re poop
Here it is, my fourth blog post ever. It’s famous for being the first appearance of the word “poop” here in the Abyss. As we all know, from those humble beginnings, a word that went on to become King of the Hill in my tag cloud. I still believe in Gold Nugget Economic theory, in fact, now more than ever. I hope you will, too.
This theory states that whatever “I” produce is always considered to be of the highest possible value – the gold. Conversely, whatever “you” produce is always considered to be of the lowest possible value – the poop.
I’ll provide a couple examples of this theory in action.
When you are the consumer, you are often forced to accept very severe and rigid terms if you want a service or product. The accounts you maintain as a customer will not hesitate to slap your ass with things like instant shut off the second you are past due, penalties, interest, nasty notices, etc. As a business person, though, if you have accounts that are seriously…
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