Daily Micro: Yesterday’s Visionaries in Today’s World ~ Time is Money

Acknowledging Time is Money

In 1748, Ben Franklin’s Advice to a Young Tradesman, Written by an Old One reads;

As you have desired it of me, I write the following Hints, which have been of Service to me, and may, if observed, be so to you.

 

Remember that TIME is Money.

 

Quaint.

 

In 2012, Economics Professor Ian Walker, of Central England’s Warwick University says time not only is money, Time can best be measured by Money;

 

In Walkers formula, V=(W((100-t)/100))/C, V is the value of an hour, W is an hourly wage, t is the tax rate and C is the local cost of living.

 

Brutal. Mechanistic.

 

Using that formula, brushing your teeth for three minutes uses up 30 pence (45 cents) and becomes “lost” time, and washing a car by hand loses £3 ($4.50) of time.

 

Time/Money. Not half past ten, but, 300 pence past ten. Depending on your hourly wage, of course.

 

If unemployed or without income, zero past ten. Every day the same. Survival.

 

If operating a hedge fund, hundreds of thousands past ten. Free-flowing.

 

If a debt-based national government with a multi-trillion dollar annual budget, millions past ten. Inventing new ways to spend.

 

If an owner of the compound interest bearing world-wide currency system, infinity past ten. Hiding in the shadows, partnering with national and local governments, preparing global government, encouraging speculators, absorbing all labor, all resources.

~ Stephen J. Bergstrom

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