Category Archives: Economics

Scope and purpose of economics

MMT, Helicopter Money and Monetary Socialism

Previous blog posts on modern monetary theory (MMT) and helicopter money have led to the following interview with John Adams and Martin North of Digital Finance Analytics, shown on the YouTube channel In The Interests of The People:

Posted in Econoclasm, Economics | Tagged , | 2 Comments

Economic Charlatans of Modern Money

Before the latter parts of the nineteenth century, no one understood the origins and causes of diseases, because the ideas of germs and bacteria were not fully conceived.  Medicine was not science.  There was no systematic account of diseases or … Continue reading

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Stagflation or Price Stability

Monetary policy of central banks has only two possible consequences: stagflation or price stability.  The arguments for this radical hypothesis are presented in this post.  Stagflation is defined as a disequilibrium process of generally rising prices (various measures) coupled with … Continue reading

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Capitalism, Wealth Inequality and Systemic Plunder

Capitalism has been blamed, by Piketty (2014) and many other economists, for increasing “wealth inequality” observed today.  For example, Piketty (2014, p.23) suggested that the top decile of earners in the United States increased their share of income from 35 … Continue reading

Posted in Economics, Pension, Regulation | Tagged , , | 3 Comments

Australian Pension Reform Jumps the Shark, Jumps the Gun

Pension systems around the world are often victims of collusive predation of governments and big banks.  Australian superannuation which ranks among the top pension systems, is doing its best to emulate worse ones by frequent reforms.  In many countries, private … Continue reading

Posted in Economics, Finance, Pension, Regulation | 1 Comment