Grace

 I just realized... 

I found my Queen on Queen Street. 

An undeniable love so sweet.

For many years I've been dancing to her beat.

Hoping to continue till my life's complete.

I found my Queen on Queen Street.

Quotes I would like to live by

Strive always to excel in virtue and truth - Mohammed ibn Abdullah

Excellence wither without an adversary  - Seneca

Tell me whom you consort with and I will tell you who you are - Goethe

Beneath the blanket is no way to fame - Dante

A kind word is a form of charity - Mohammed ibn Abdullah

Be good, remember God and respect your teachers - yours truly 

All we can control is the choices that we can make right now - Epictetus

We are each stronger than we think - Marcus Aurelius

If you have four qualities, you should not worry about what you missed in life: never deceive, speak the truth, have good manners, and have modest and pure food. - Mohammed ibn Abdullah

Watch your thoughts, they become your words; watch your words, they become your actions; watch your actions, they become your habits; watch your habits, they become your character; watch your character, it becomes your destiny. - Lao Tzu

Reducing friction: Using the Fisher equation to increase Real GDP.

I have a hypothesis.  Can't prove it, Have a full time JOB. I am hoping somebody who needs a topic for a thesis picks up on this and gets a better understanding.

Using the fisher equation,

M x V = P x Y

regardless of boom or recession, if policy makers remove obstacles to the the flow of money, thereby giving the velocity of money the structural room to move significantly , this could provide impetus to change/improve the quantity of all the goods and service sold [real GDP]. Keynesian already think a movement in V is possible. Monetarist argue that in the short term there may be a small variation in V but this does not account for significant changes in Nominal GDP.
However if the V can change by a factor of 10 for instance, what would Monetarist say them.

Simple reforms could affect this. For 1 Changing the seven day clearing period of Cheques. But i think, just by changing the EFT clearing period to immediate instead of two days as it is here in South Africa, it could very easily shift the Velocity dial. Assuming 1 ZAR is transferred using the EFT system, that would allow for money to be transferred a maximum of 180 times in a year given the 2 days clearing window, but if transfers are instant this ceiling of 180 times evaporates. Money could flow at n times a year.


If I were to throw a light on this hypothesis, I would look at growth in countries where payments and Money Transfer are primarily and predominately instant like in some Afircan countries where mobile money E.G. MPESA is prevalent. Compare Velocitys' from yesteryear to current, One could compare velocity to comparative economies that do not have instant money. On could also postulate if the Banking fraternity gave open banking APIs which allow immediate payments to Fintech companies, what could be the impact on circulation in a bytes payment economy.

Obviously these ideas are very rough thoughts and have to be flesh out into something achievable. But it a start for someone if they have the appetite

Advices for my children

Be Good, Remember Allah, Respect your teachers and remember I love you

Let me try breakdown each phrase.

Be good.

What does it mean to 'be good'. It is instructional and a hope that you attain this state. It is both a destination and a route.

True Leadership

I have come to the realisation that leadership, true leadership is about making other people better than they already are. You make people better by giving yourself to them. You give the what they need. Some may need to know how, and a leader shows them, some need direction, and a leaders give them pointers and some need confidence, which a leader must inspire.
Leaders do not take credit they do not need thanks, they give credit and are grateful.

Leadership is a great responsibility. Leadership has no ego. Leadership is sacrifice. 

Love is...

1. Showing gratitude for the smallest kindness
2. Falling asleep holding each other after early morning prayers
3. Saying hm hhm hmm? and know that it means what's the time?
4. knowing when to give you space
5. Taking all the kids to school so you can sleep in

Taming unbridled capitalism

Capitalism is good right? Hmm? Maybe it does require some work, the extremities of individualistic materialism can be done with out. So how should we go about keeping the good and removing the bad.

Fundamentally, we have to check our assumptions. Our assumptions about Money and how it can be used. Many a treatise has been written on this matter, all the greats, from Adam smith, to Milton Keynes, to Silvio Gasell, to Ludwig von Mises. Money IMO is what we as humanity can make it. It should be a medium of exchange and a store of wealth which represents past labour or effort that has happened. That's it nothing more. If this assumption is accepted, then what flows from here will yield a vastly different economy.

But enough of the fundamentals, to be practical I offer my list over Nationalizing of the central bank.

In this order, these are the things i would do.

• Impose individual wealth tax.
• Increase corporate tax.
• Change the deductible nature of interest with regard to taxation
• Put strict caps on maximum interest rates for lending. It must be very very low as low as the population growth rate.
• Never let the economy into a budget deficit position.
• Do not force citizens to use bank accounts
• Introduce/improve a decent living wage floor.

For Each action I could write an essay on why and how it would improve capitalism, Some have. In the end the reader must understand that we living in a system each component plays a part, each force that is acted on will produce a counter force and when seen in this light, the aim of a more equal society may be possible.