For decades, economists have told us that the money supply drives demand. Central banks set interest rates; credit becomes cheaper…
new economics
The Autonomous Clearing Economy (ACE): Markets After Profit
1. Introduction — Beyond Profit Imagine a market where every participant already knows the price before they meet. No haggling,…
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.…