Ages ago, when somebody tried to explain to me the concept of “capital”, it was the version probably most people have heard of: a factor that creates more productive value, or maybe some good that is used in production of other goods, something along those lines. Then you get some examples of “capital” like a tool, a machine, a car… then you hear it’s contrasted with consumptive raw material, non-productive land resource, labor, etc. etc. I always thought it was completely vague and incomprehensible. What things are capital? Why is a tool capital, for example? I’ve got plenty of tools sitting around doing nothing of value most of the time, and when I use them I never produce anything.

Later I realized this was a stupid way of explaining it (or I was just stupid at the time). Capital isn’t a “thing”, it isn’t the physical object at all, it is the usage. Whether something is capital is completely determined by intention, that is, how it is intended to be used, hence the vague definition.

For example a $100 bill, depending on how it is used, can be a consumptive good, a store of value, or capital. If you burn the paper money as offering to the gods, it is a consumptive good. If you keep it under the mattress to buy stuff later, it is a store of value. If you invest it by putting it to use in a productive venture or lending it to somebody whom you expect to do so, then it becomes capital. It’s the same $100 bill, the only difference is intention…
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In honor of the stupidity that is Daylight Savings Time, I’ll write about sleep.

First, this watch seems pretty interesting. It is based on the idea that if you’re never going to get enough hours of sleep a night anyway, then you are best to get a full number of sleep cycles, rather than a fractional one. So it tracks your sleep cycle and wakes you up when you’re most awake.

This reminds me of my general annoyance with the whole concept of sleep and the inefficiency it causes. Sleep has got to be one of the worst vestigial devices still left in humans, although not as bad as the appendix.

Years ago, I came across a blog in which the person was trying out the concept of polyphasic sleep, which is basically napping frequently for short periods each time. The idea was to save total amount of time slept, I guess, or to make sleep more efficient. I guess it worked out well enough to cause a whole bunch of fanatical people to try it.
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