Since the release of my book Running Money, I’ve been flooded with feedback on my margin surplus theory. Some agree, some disagree. Like my eighth grade algebra teacher, most wanted me to show more of my work on how I got to my conclusion. Fair enough. Luckily I am in possession of The Missing Chapters, a section of Running Money that ended up on the cutting room floor (to make room for some other fun story, probably the Elvis Impersonator CEO!)
I had spent some time in the book describing the industrial revolution so I could look for patterns in Silicon Valley today. I did the same for money and banks and classical gold standards, which got cut. So here it is - I hope it can provide more insight into international trade and an intellectual property world.