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What Is Money, Anyway?

What Is Money, Anyway?

by  David Gillette One of the most important aspects of economics that people should understand better is money. Recall your first paycheck, not an allowance for chores around the home, but for real work where you risked losing that employment. For our purposes – and perhaps for cultural anthropologists, since they gather data about such […]

A Tragic Half Century Without Gold Money

A Tragic Half Century Without Gold Money

In 2012 a poll taken by the University of Chicago’s Booth School of three dozen academic economists from eight prestigious universities revealed that they all despised the gold standard; they rejected it not so much for its track record but as a possible monetary system for current times. Professors from Chicago (8), Stanford (6), Yale (5), […]

Monetary Policy Since The Great Recession

Monetary Policy Since The Great Recession

After the 2007-2009 financial crisis, the Great Recession it precipitated, the exceptionally sluggish recovery, and now the pandemic recession, the U.S. has essentially entered a new macroeconomic environment. For most of the 2010s there was a general consensus that inflation was not too much of a problem. This very complacency has now set the stage […]

The Key to a Sustainable Economy Is 5,000 Years Old

The Key to a Sustainable Economy Is 5,000 Years Old

    by Ellen Brown We are again reaching the point in the business cycle known as “peak debt,” when debts have compounded to the point that their cumulative total cannot be paid. Student debt, credit card debt, auto loans, business debt and sovereign debt are all higher than they have ever been. As economist […]

2020: The Coming Decade of Disruption and Reform

2020: The Coming Decade of Disruption and Reform

By Sheryl Hamlin The firm of Mehlman Castagnetti is a lobbying firm specializing in outcomes based strategy. This means that knowing history and given a certain mix of inputs, they devise strategies based on predictive outputs or forecasts. Their new presentation reminds us that it was a century ago that the United States proceeded through […]

The Public Banking Revolution Is Upon Us

The Public Banking Revolution Is Upon Us

    by Ellen Brown As public banking gains momentum across the country, policymakers in California and Washington state are vying to form the nation’s second state-owned bank, following in the footsteps of the highly successful Bank of North Dakota, founded in 1919. The race is close, with state bank bills now passing their first […]