Economics

46 articles

The Capital-Labor Duality

True Capitalism vs. Sociopathic Corporatocracy. In a capitalistic society, nothing else can survive if the society is not able to preserve the most essential pillar of the value...

Fiat Currency Graveyard: A History of Monetary Folly

This article has been moved to the Gini Foundation website . The Gini Foundation is focused on building cryptographically secure technologies that protect human rights, provide...

This Is How Democracy Dies

Self-Censorship Destroys Accountability and Democracy. A free society and a free press are required to protect citizens from government and corporate tyranny. But when five giga...

Do You Need More Proof?

This article is a follow-up to Is U.S. Foreign Policy Controlled by Corporations? No matter how much evidence you present to some people, they still cannot escape their propagan...

Is U.S. Foreign Policy Controlled by Corporations?

In the Beginning. . . American foreign policy has been an influential driver of global economic and geopolitical affairs for over two centuries. After the ratification of the U....

Economics, Cryptocurrencies, & Politics

Ancient Roots. The interdependent fields of modern Economics and Political Economy today are the result of thousands of years of accumulated economic ideas and philosophical inq...

Meet the Real Adam Smith

Most people have never read Adam Smith’s book, The Wealth of Nations ; and far fewer have read the complete, unabridged version, which exceeds 1,100 pages. This is understandabl...

Economic Liberalism vs. Political Liberalism

To avoid political and ideological confusion and to ensure that our analysis remains as objective and politically neutral as possible in the articles and books I write, it’s imp...

Classical Liberalism vs. Neoliberalism

The difference between “Classical Liberalism” and “Neoliberalism” is confusing to many people; so, let’s briefly summarize these terms and some of the people and ideas associate...

Neoliberal Case Study: Chile

This article was originally in my recent book, GINI: Capitalism, Cryptocurrencies, and the Battle for Human Rights . However, some people said it was too data-heavy for the book...

Neoliberal Case Study: The United States

This article was originally in my recent book, GINI: Capitalism, Cryptocurrencies, and the Battle for Human Rights . However, some people said it was too data-heavy for the book...

The Emerging Crypto Banking Cartel

Commercial Agenda vs. Open Source Crypto Ethos. There’s nothing wrong with for-profit companies seeking to maximize profit as long as they’re doing it in an ecosystem-sustainabl...

FIRE & Wealth Concentration

To understand the purpose and value of our Gini Blockchain and why it’s different from any other blockchain, it’s useful to review why several fiat currency economies are collap...

Blockchain Patent War Coming

Bank of America has more blockchain patents than any other company on Earth, including IBM, Google, Facebook, and other Silicon Valley tech companies ( Bloomberg ). JPMorgan and...

What Is Our "National Interest"?

I was recently asked, "Why is the U.S. Government involved in Afghanistan?" Aside from the idiotic "War on Terror" justification given by the Bush, Obama, and Trump Administrati...

When the Media Fails, Countries Fail

It’s amusing to see how the U.S. Government’s fiscal policies are covered by the mainstream press. For example, in headlines like “Rand Paul delays budget vote as shutdown looms...

The Creation of the Euro & the Role of the USD

This presentation was produced for a university lecture that I gave. It covers the basic mechanics of the global currency exchange rate system. I was asked to critique another e...

Capitalism & Cyborgs: Making Humanity More Resilient

I recently had a conversation with a colleague about the clash between science and ethics. Below is a brief summary of my response to him. The Concept of Eugenics Highlights the...

The Birth of the Modern Welfare State

The modern age in the field of Economics was born from the destruction of Europe in World War I. That war inspired a young British economist—John Maynard Keynes—to closely exami...

The Secret History of the War on Drugs

The “War on Drugs” Begins. In 1971, U.S. President Nixon declared the “War on Drugs” . He said, “America’s public enemy number one in the United States is drug abuse,” but Nixon...

The Truth About North Korea

If you have not seen this thought-provoking, free film on YouTube , please watch it. As you watch it, try to block out all your preconceived notions about North Korea, the Unite...

The Collapse of the Human Labor Force

The Job Apocalypse. It’s difficult to understand and appreciate why the U.S. and global economies are in so much trouble today without understanding the truth about the unemploy...

Are We in a Propaganda Bubble?

Paths to Truth or Fiction? There can be many paths to truth, but truth only exists when it's supported by verifiable facts. When a given path (e.g., in alphabetical order, Al Ja...

Is Capitalism Sustainable?

Angry Humans. I often see well-intending, angry humans talking about the problems in our world today. Many of them blame Capitalism. Some of them seek a revolution at any cost....

Ayn Rand's Welfare Secret

The Birth of an Ayn Rand Disciple. I was an avid fan of Ayn Rand for most of my life. I devoured her books, including Atlas Shrugged , Anthem , and her nonfiction essays. I thou...

Are You Possessed by the Demon of Political Correctness?

Praise Feels Good . . . My book, Broken Capitalism: This Is How We Fix It , has received almost universally positive praise from humans across the socioeconomic spectrum. In fac...

Should We Blame Rich People?

The Evolution of Blame. It’s human nature to seek scapegoats to blame when things break. The reasons for this are deeply rooted in the evolutionary development of group behavior...

Has Globalism Worked for Indonesia?

Is Indonesia’s free trade policy today achieving broadly shared prosperity? If it is, then we should see economic and human health outcomes that result in the broad creation and...

Crowd Wisdom & The Memory Hole

Introduction to LibroGod. A friend of mine (I'll call him LibroGod.) is an accomplished business person and a fanatical connoisseur of "important books." LibroGod has collected...

Belgium's Political Economy

This was a research project that I worked on with several colleagues to evaluate the economic and political conditions in Belgium. Belgium has a very unique political culture an...

What's Really Wrong with the Banking System?

Many people have a vague sense that the financial system is broken and corrupt, but they often don't know how to explain exactly what is wrong. This is understandable because th...

The Switzerland of South America: "Freedom or Death"

“Freedom or death” is Uruguay’s national motto. Those three words give us meaningful insight into Uruguay’s national psyche, its cultural affinity for the principles of civil li...

The Mechanics of a Global Wealth Transfer

Economic Models Collapse in the Real World. Economic neoliberalism is a theoretical economic framework that many academics and political and business leaders like to promote bec...

Transnational Economic Cannibals

The Genesis of Today’s Global Economy. When the international trade regime (GATT, WTO, NAFTA, etc.) that dominates the world today was created between 1947 and the 1990s, it was...

Warning: Risk of Death to Your Economy

Dangerous Products Should Have Warning Labels. Products that come with plastic bags that can suffocate and kill children have warning labels. Economic policies that can suffocat...

Comparing the Quality of German & U.S. Governments

Why is Government Quality So Important? The quality of a country’s governance is the most significant factor that determines the quality of life that it can provide to its citiz...

Is Capitalism Undemocratic?

Like most aspects of life, the true nature of Capitalism and its impact on humanity can only be understood as continuously shifting shades of reality. Karl Marx famously stated...

The Twin Tyrannies of the United Nations

There are two fundamental problems with the United Nations: representation and cost allocation. The problems can be summarized as follows: UN General Assembly Representation – T...

China’s IMF Victory: A 1,400-Year Journey

The Inventor of Fiat Money Finally Joins the Global Fiat Money Cartel. The Chinese currency (Yuan) has finally joined the elite club of national currencies in the IMF’s Special...

Unknown Truth or Untrue Conspiracy?

Why is Truth Often Disregarded as a Conspiracy Theory? This is an important question because a society that can't distinguish between truth and untrue conspiracy will inevitably...

The Mind of a Corrupt Organization

In " Unknown Truth or Untrue Conspiracy? ” and “ Is Institutional Corruption Only a Conspiracy Theory? ” we learned about some of the most shocking government and corporate “con...

The Versailles Treaty and Its Discontents

The hostilities between Germany and the Allied Powers during World War I officially ended with the signing of an armistice on November 18, 1918. Thereafter, the Treaty of Versai...

How Did Hitler Rise to Power so Quickly?

I've seen many people ask questions like, "How was it possible for Hitler to amass so much power so quickly without any resistance from the other European countries?" This is an...

Distortions in the Incentivesphere Destroy Nations

Spheres of Reality. The composition of this world can be analyzed and defined in many ways. There is the sphere of economics, the sphere of politics, and other social science sp...

How Does the Federal Reserve Really Work?

Preface. To avoid any confusion, I want to emphasize up-front that all the functions of the Federal Reserve (and any central bank) are entirely unnecessary in an economy based o...

Will the UK Escape the EU?

The UK will leave the European Union . It’s usually not wise to make absolute statements when discussing complex future economic and political events. However, sometimes the emp...