New Economic Perspectives

By J. D. Alt

You know those radio collars they put on grizzly bears, so they can track where they go through the bushes and forests? Well, I’m pleased to announce they’ve developed a radio collar that fits on a U.S. Dollar. (This was a particular accomplishment since most U.S. Dollars now are electronic, the essence of their existence coded on magnetic discs, the embodied code appearing and disappearing, disc to disc, not unlike the quarks and neutrinos of quantum mechanics.) Without going into how they did it, then, we can simply announce that now we can track a U.S. Dollar through the bushes and forests of our economy and, hopefully, on this episode of NATURE, discover the roots and results of wasteful government spending. Continue reading →