For decades, economists have told us that the money supply drives demand. Central banks set interest rates; credit becomes cheaper…
economics
2011 – pivot to bad
2011 was a hinge year. A year when uprisings, disasters, and new technologies promised to shake the foundations of power.…
Increased bank fees = Increased Productivity
In the pantheon of economic metrics, few enjoy the undeserved reverence that “productivity” does. Politicians chant it like a prayer.…
True Markets: Contemporary Economics
In this essay, I aim to explore a few key points. First, the era of “bigger is more efficient” has…
Inflation . What is it?
Inflation is a tool of the capitalist. Or just a random thing that happens in a complex system of interacting…h.hh.t.yt,6u
High Anxieties doco – the mathematics of Chaos (BBC 2008)
Documentary from the BBC just when the GFC was unfolding. It was obviously in the works beforehand and covers how…
Why the rich get richer and the poor poorer
Luck determines the winners and losers of society, not merit or hard work. Those that start out with more get…