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  1. K

    'The Script' is basically The Labor Theory of Value of Adam Smith and David Ricardo..

    MINDSET 
    Yes. And my description of how money works globally is completely consistent with Control, Entry, Need, Time and Scale. (I find the order in The Millionaire's Fastlane more logical, where it is: Need, Entry, Control, Scale, Time = NECST.) Not only that. The first book I wrote about money...
  2. K

    'The Script' is basically The Labor Theory of Value of Adam Smith and David Ricardo..

    MINDSET 
    I hadn't quite finished my explanation. In particular, there was one point I didn't yet explain, but which is crucial to understand how earning money really works! Forgive me, if this text is a little bit long. I promise you, however, that if you get this, you have understood something very...
  3. K

    'The Script' is basically The Labor Theory of Value of Adam Smith and David Ricardo..

    MINDSET 
    I finally got my FTE, my F*ck This event two days ago! It is a little bit different from others, I think. I also understand now, what this forum is about. I mistook it for a kind of Facebook, which is not what this forum is about! It is about sharing experiences while moving on the Fastlane...
  4. K

    'The Script' is basically The Labor Theory of Value of Adam Smith and David Ricardo..

    MINDSET 
    Here is the rest. Value But, indeed, I have made enough claims. Let me now begin in earnest! Here is my description of value. To begin with, value is dependent on the individual, but it is not subjective! Value is not an ordinal quantity, as Ludwig von Mises asserted. I want to do it step by...
  5. K

    'The Script' is basically The Labor Theory of Value of Adam Smith and David Ricardo..

    MINDSET 
    You are quite right about my rudeness! Let me tell you at least where this comes from. Knowing how money functions, I am completely aghast about the complete ignorance about the potential of money. I see people launching wars. I see people do the most extreme atrocities toward each other. And...
  6. K

    'The Script' is basically The Labor Theory of Value of Adam Smith and David Ricardo..

    MINDSET 
    You are way too early with your remarks! I already started by warning, that I build up to the complete complexity of the value and money problem. I learned this strategy from Eugen von Böhm-Bawerk, and it is the only way I can show the entire picture. So I began with a scenario that is, indeed...
  7. K

    'The Script' is basically The Labor Theory of Value of Adam Smith and David Ricardo..

    MINDSET 
    Thanks for your concern. It seems that you are a brain expert. So, let me tell you something! Something that might make you think, and take a really close look at what you might be doing! About 5 years ago, I got into a serious bicycle accident, whereby my skull hit a pole and was cracked...
  8. K

    'The Script' is basically The Labor Theory of Value of Adam Smith and David Ricardo..

    MINDSET 
    This 'early stage of chemical imbalance' you are talking about has been going on for about 40 years now! (I am 67, and it started after an extremely intense meditation when I was 25, exactly at the moment something became clear.) I want to point out, that it was said of J. Krishnamurti, that...
  9. K

    'The Script' is basically The Labor Theory of Value of Adam Smith and David Ricardo..

    MINDSET 
    You might be right. I am not a historian. The only objection I have, is that, to quote Ludwig von Mises loosely, 'people were very surprised to discover, that a just social order is not just a matter of wise Kings and noble Princes, but that there are laws of Human Action which, if you go...
  10. K

    'The Script' is basically The Labor Theory of Value of Adam Smith and David Ricardo..

    MINDSET 
    Ì haven't said that a scientific theory needs to be prescriptive. In fact, my own theory of value and money is not prescriptive. The big shock of the heliocentric model of Copernicus was that you could have two theories, that of Ptolemy and Copernicus, both of which gave a completely adequate...
  11. K

    'The Script' is basically The Labor Theory of Value of Adam Smith and David Ricardo..

    MINDSET 
    I think you do not really get what I was saying. In the way you express your response, you suggest that there is something like: 'a honest pay for a honest amount of work'. And it is exactly this idea that is The Labor Theory of Value. Namely, that you are paid for the amount of time you spend...
  12. K

    'The Script' is basically The Labor Theory of Value of Adam Smith and David Ricardo..

    MINDSET 
    If 'observable' and 'reproducible' is the criterion for being scientific, then economics does not satisfy those criteria at all! This is because humans do not follow laws like those that exist within physics, or within primitive life forms. In fact, the higher the life form, the more...
  13. K

    'The Script' is basically The Labor Theory of Value of Adam Smith and David Ricardo..

    MINDSET 
    Before I begin, I want to make a personal remark. Contrary to many on this forum, I am not here to talk about how one can become rich or talk about becoming an entrepreneur. I am totally not interested in that! The thing that interests me about MJ. DeMarco's books is his original outlook on...
  14. K

    A Fourth Lane: an introduction to the Superlane.

    INTRO 
    Oh yes! One more thing! I indeed have an idea of a really practical action I can undertake. It requires some studying, and I even must use my knowledge of computer programming for that. I hope to explain that in a future article.
  15. K

    A Fourth Lane: an introduction to the Superlane.

    INTRO 
    Proof or disproof belongs to mathematics and physics. That is not what economics is about. I once had a dialogue with a Dutch professor, who used mathematical logic to erect a theory of society. I proved to him that such a theory is impossible, by using his very own means. The argument is...
  16. K

    A Fourth Lane: an introduction to the Superlane.

    INTRO 
    Well, well! You make all kinds of assumptions about me, without checking them! Concerning the ideological side of Bill Gates and Warren Buffett. Apart from Bill Gates' success in his principle about software, and Warren Buffet's genius in applying fundamental investing, it might surprise you to...
  17. K

    A Fourth Lane: an introduction to the Superlane.

    INTRO 
    I think you didn't get my point completely. But that's okay because my writing wasn't that clear. I introduced four logical possibilities, each representing a level of money consciousness. Therefore I don't believe in roads. I believe in stages. Stages of money-consciousness. The more extensive...
  18. K

    A Fourth Lane: an introduction to the Superlane.

    INTRO 
    I don't exactly know how this forum works. So I just post here, and see what happens. It seems, that I can tell that I have read The Millionaire's Fastlane somewhere. Must that be done here? In any case, I have read The Millionaire's Fastlane two times. One time superficially, and one time...
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