Debt is serfdom, capital in all its forms is freedom. If we accept that our financial system is nothing but a wealth-transfer mechanism from the productive elements of our economy [ … ]

Adorable child wearing glasses in the first row turns to face the crowd, he has a big book in his hands, he opens it and reads “Same Shit Different Day. We know [ … ]

No wonder the “middle class” has lost political power–it has lost the economic power of the ownership of productive assets. Longtime correspondent Mark G. observed that the key phrase in [ … ]

Unprofitable work is abundant. Profitable work is scarce. Businesses have pushed the unprofitable labor burdens and work to its consumer. ‘What’s next’ is a capitalist system collapsing in on itself. [ … ]

For any system to endure, it must maintain a built-in capacity to self-correct: that is, it must generate accurate informational feedback about dangerous asymmetries and auto-correct with behavioral feedback. This is true of ecosystems and [ … ]

Everyone wants an abundance of “good paying” jobs, but employers can only afford to pay employees if the work being done is profitable. What’s abundant and what’s scarce? The question matters [ … ]

Previously, I reviewed the Currency Unions and Trade Literature here, and then shared some of my students’ referee reports of a recent Glick and Rose (2016) paper here. My undergraduates [ … ]

In today’s irreligious and indeed antireligious climate the fashion is to dismiss Christianity as crude superstition, and to babble wisely about the separation of church and state. This is unfortunate, [ … ]

We need to encourage honesty above optimism. Once we can speak honestly, there is a foundation for optimism. Psychoanalysis teaches that one cause of depression is repressed anger. The rising [ … ]

A VAT (value added tax) with no other tax — no income, corporate, estate, etc. etc. etc. — is pretty much the economists’ ideal. But how do you make it [ … ]