Submitted by webmaster on Thu, 12/31/2009 - 16:33
Over on the Huffington Post, Arianna Huffington and Rob Johnson propose a practical step to reduce the harm caused by the banking bailouts while sending a powerful signal to the Washington establishment. read more »
Submitted by webmaster on Thu, 12/17/2009 - 11:47
In some interesting news today, Britain is joining the exodus from checks. Slated to stop in 2018, the system whereby you transfer money between bank accounts by putting some ink on some paper is a study in trust. read more »
Submitted by webmaster on Fri, 01/23/2009 - 09:11
A recent article in the UK got a decent start:
In Russell Hoban's novel Riddley Walker, the descendants of nuclear holocaust survivors seek amid the rubble the key to recovering their lost civilisation. They end up believing that the answer is to re-invent the atom bomb. I was reminded of this when I read the government's new plans to save us from the credit crunch. It intends - at gobsmacking public expense - to persuade the banks to start lending again, at levels similar to those of 2007. Isn't this what caused the problem in the first place? Are insane levels of lending really the solution to a crisis caused by insane levels of lending?
Yes, I know that without money there's no business, and without business there are no jobs. I also know that most of the money in circulation is issued, through fractional reserve banking, in the form of debt. This means that you can't solve one problem (a lack of money) without causing another (a mountain of debt). There must be a better way than this.
Submitted by webmaster on Mon, 12/22/2008 - 17:54
There has been a lot of news about the state of the economy lately, and a lot more of what is considered analysis. I've been ignoring quite a lot of it, but this recent work was recommended by a friend, so I gave it a look.
The Crash Course by Chris Martenson is a longish set of videos, thankfully broken down into a couple dozen 10-20 minute blocks. It attempts to educate the viewer on the basics of the economy, the current situation, and the probable future.
read more »
Submitted by webmaster on Sun, 12/21/2008 - 09:17
Over at the Liberty Conspiracy, Glenn Jacobs (AKA Kane from WWE) has posted an interesting article on the near future. In it he does a very good job describing the problems with non-Austrian economic models. Here's an excerpt:
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