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Tuesday, May 07, 2013

The Essence of Production

There are two ways to produce any good: directly, i.e., by transforming inputs into the more useful form you want; and indirectly, i.e., by transforming inputs into a more useful form that someone else wants and exchanging it for the good you want. Both processes consist in transforming inputs, and hence are two variations on the same theme.

P.S. Money doesn't change the essence of what I've described. It's just roundabout barter, to use a thought from Bastiat.

P.P.S. There are no "exports" and "imports." There are only what I produce and what everyone else produces.

1 comment:

Anonymous said...

I tried to get you another way, maybe this one will reach you.
I enjoy most of your writings, and have seen you progress over the years. Please do a story on U.S.Patent 6630507, the patent for cannaboids found only in pot. You do not get a patent without proof and the patent is held by the U.S. Dept of Health and Human Services, which makes it owned by the American Public. Yet this patent receives no protection by law enforcemet, which then makes all use of the plant covered under the patent according to Easement laws.
The non enforcement is the key, that action is illegal and committed by law enforcement agencies seeking to prove they know better,yet ignorance is not a valid defense.
To date the only real legal document on pot is the U.S.patent on cannaboids, all other labels of its properties are mislabels and as such fraud, which is another crime.
Federally funded discrimination being waged against non violent taxpaying pot smoking voters is legalized treason supported by legalized terrorism, since elected officals deny the truth of the healing of this plant as supported by the patent they are all guilty of obstruction of justice at the very least for not correctly the unjust and laws based on fraud surrounding the only substance known to man to slow or stop cancer cell growth, cannabis.