Believe or not, but the human body is perfectly capable of skipping breakfast without starving to death. If you are used to not eating breakfast, you will not feel hungry and your blood sugar will remain stable as long as you keep in an easy aerobic state. Hence, unless, you’re going for a sustained aerobic [...]
Understanding early retirement in terms of comparative advantage and trade deficits
Published in October 1st, 2009
Comparative advantage is the system theoretic solution that produces the maximum output of goods. This is done by specializing in whatever good or service you have a comparative advantage in and trading for everything else. From the ecological perspective, this optimally fills out all niches. However, due to different savings rates between players, pursuing comparative [...]
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