Tuesday, September 16, 2014
Episode 15: When We Assume
Play now!Most every aspect of our perception of the world around us hinges on assumptions. People tell us things, and we assume them to be true. Things happen. If they happen enough, a pattern may develop, at least in the mind of the perceiver. As long as the things that happen continue to follow the perceived pattern—or as long as the pattern perceiver fails to see instances where the pattern is lacking or downright broken—the assumptions about the pattern will hold.Episode 15: When We Assume takes a brief look at what happens when reporters assume the experts they consult on our economy's patterns and functions are not questioned enough. Sometimes there are experts out there that can refute the experts with whom we are most familiar. And many times, nothing bad will happen as a result of holding these assumptions . . . that is, until something bad does happen.Some assumptions can be found in the Planet Money episode "The Island Of Stone Money". I point out the assumptions, and provide assumptions of my own that refute those assumptions. It's an assumption-fest!In this episode, I read excerpts from a few books. The first was from David Graeber's Debt: The First 5,000 Years, Melville House Printing, 2011. The passage can be found in the footnotes on pages 394-395.The second, a passage from Silvio Gesell's The Natural Economic Order, can be found online.The third is from Thomas H. Greco, Jr.'s The End of Money and the Future of Civilization, Chelsea Green Publishing Company, 2009, on page 114.Music today from Mudlark's "&" and The Freak Fandango Orchestra's "Requiem for a Fish."