Category Archives: Finance

Klepitalism of Fake Money

“The love of money is the root of all evil” since biblical times can be explained today by the fact that the love of money is the love of power which money confers to the rich. Today, that power is … Continue reading

Posted in Econoclasm, Economics, Finance | Leave a comment

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

Helicopter Money in Operation

The great inventive minds of modern economics (GIMME) have been busy talking about helicopter money as an option they could try in future as another unconventional monetary policy (UMP) to avoid “deflation” or “lowflation” (Lagarde, 2013).  Actually, helicopter money is … Continue reading

Posted in Economics, Finance, Regulation | 5 Comments

Creeping American Socialism

The previous post discussed the influence of pluralism in economic policy. As an historical summary of the cognitive dissonance, it suffices to observe the policy circus: the free-market capitalism in the early twentieth century was blamed for the Great Depression; … Continue reading

Posted in Economics, Finance, Regulation | Leave a comment

Financial System Collapse

The global financial crisis (GFC) had brought the global financial system (GFS) close to collapse. Extraordinary measures exhausting much of the available resources were brought to bear to prevent the collapse of the GFS.  But the GFS is a menace … Continue reading

Posted in Finance, Regulation | 11 Comments