New Units for a NEU World after midnight...

Just before Christmas last year- a friend sent me the video clip below.  It makes sense until you take the time to think about it....

You know how tall you are - we measure this in metres or feet and inches

You know how fit and fat you are we measure this in kilos or stones

You know how long it takes to get to the office we measure this in hours and minutes.

You know how much wine you've drunk 3 glasses 2 units or 5 litres...

It is impossible to get confused between the units and think that your office is six kilos away and you are three hours tall and weigh six litres and are about to drink six inches of wine with your meal...

And then we come to the units used in economics. 

In spite of all the jokes economists make about disagreeing they all use just the one unit of measure £ or dollars or Euros...

This explains the crash - how people could believe that they were getting richer whilst actually getting poorer (because they confused value - how much someone else willpay for what you have with wealth  - what you have)

The video reminded me how hard it is for people to undersatnd the difference between wealth, value and money (different types even of this) since they are all measured in the same unit...

We definitely need New Units for a NEU world after midnight....