## 2013-07-01

### Pre-7am Economic Scribblings

$is not a measure of value; value is an abstraction.$ is a measure of time; time is concrete. Value is just an emo way to talk about time.

If low margins make a biz an inefficient use of capital, and if the biz's collapse then reduces industry turnover below previously sustainable levels, without any other relevant environmental changes: shi-teh marketing. Period. End of story. I don't want to hear a thing about how glamourous it was before you killed it.

Like me or not, if you can't decide, and I like you, you'll get the benefit of the doubt. Until it breaks my bank. Then I'm out. :) #bitchesPlease

The strong: train people to leave; the weak: train people to stay. #talentManagement #highTurnover