Economic Theory

The Tea Party Does Not Understand Inflation

November 5, 2011
By
inflation

Once you buy in to the propaganda known as the American Dream, there is virtually no limit to the bullshit you'll apologize for.

Read more »

“Big Business” is the Problem

July 27, 2011
By
wrench

If a workplace needs to be unionized, it's already a problem that "seizing the means of production" can't fix.

Read more »

Consumption Spending is NOT “The Economy”

September 2, 2010
By

We are daily bombarded with variants of  the “Consumption is 7/10 of the economy” argument. Governments constantly monitor spending, and they encourage people to spend rather than save or invest, because consumption spending is a necessity for debt-based currency. They know that the only way the system can continue is if people continue spending, mindlessly. But that doesn’t make a people rich (OK, it might make some people rich, but you are not one...

Read more »