Tag Archives: FED

The Politics of Money in a ‘Glocal’ Economy

The word is out that economics, never a science, has always been politics in disguise. I have explored how the economics profession grew to dominate public policy and trump so many other academic disciplines and values in our daily lives. Economics and economists view reality through the lens of money. Everything has its price, they believe, from rain forests to human labor to the air we breathe. Economic textbooks, Gross National Product (GNP) and the statistics on employment, productivity, investment, and globalization—all follow the money. Happily, all this focus on money is leading to the widespread awareness of ways money is designed, created and manipulated. This politics of money is at last unraveling centuries of mystification. Continue reading

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Keynes vs. Friedman – The Economic Wrestling Match That Will Determine Our Future

First in a series looking at whether the economic theories of Keynes or Friedman, or perhaps even a new third course, will provide the solutions which will help our country and the world community as a whole to find its way out of the current world economic crisis. Whether we will languish in a period of slow to no growth or even worse, experience a period of deepening economic downturn as a result of these choices is clearly a very important topic, one that should not be avoided because our academics and politicians seem inclined to present it in language that is unnecessarily complex and even confusing. Our aim is to start a conversation by which we can clarify the arguments and the consequences from which we all must chose. Continue reading

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