Classical Economics in a Quantum World
For the world to solve its economic problems, it needs to arrive at a consensus about what actually works in economics. More importantly, the economics profession needs to discard economic ideas that history has proven over and over do not…
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Part II of Money and Credit. See Part I Bernanke’s Fed upended traditional Fed operating procedures after the 2008 financial crisis. Bernanke made his academic career as a Great Depression “expert”. His belief that the GD was a monetary event…
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What is money? That seems like a simple question. It’s mainly the green stuff in your pocket that you want more of, but it leads to all sorts of confusion in the economic world, with harmful results. It is the…
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According to a study of 775 fiat currencies by Michael Hewitt, the average shelf life of a fiat currency is 27 years. The fiat dollar is at the 46 year point. It has long passed its value freshness date and is ready…
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