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’s general audience. So, this article now lives here. To begin this case study, let’s examine a snapshot of the U.S. economy because the ideology of Neoliberalism has […]
Category Archives: Economics
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-sustainable way, just like there’s nothing wrong with sharks eating baby seals in an ecosystem-sustainable way. We all know sharks have to eat because that’s what sharks do. However, the […]
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 collapsing in many countries today. Economic Power = Political Power. Wealth concentration creates distortions in an economy because it gives certain groups enough economic power to control […]
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 Wells Fargo also have a relatively large number of blockchain patents. And banking corporations in general have already collected a large percentage of total issued blockchain patents. Why? I […]
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 Administrations since 2001, many people still believe that American “interests” are served by nation-building in every nook and cranny of our planet. So, let’s briefly explore the concept […]
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 hours away” and “Rand Paul was holding up the Senate’s vote on a massive budget deal” (CNBC example here), even many people with fiscally conservative instincts […]
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 economist’s article and present my conclusions within the context of a broader discussion of monetary policy in the U.S. and several other countries. You can view […]
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 Conflict Between Science and Ethics. The Eugenics issue is such an interesting topic because it is one of the clearest and most intense examples […]
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 examine the mechanics of international exchange between nations, which was increasingly necessary to manage the enormous international debts and flows of capital and goods during and […]
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’s domestic policy chief, John Ehrlichman, said in 1994 before he died: The Nixon campaign in 1968, and the Nixon White House after that, had […]