Classical Economics in a Quantum World
We are reaching a global denouement after 45 years of fiat monetary manipulation. Whether this will result in a Reagan-like economic rescue and continuation of American prosperity or a Great Depression-like global meltdown followed by social chaos, government mistrust, and…
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Today, capitalism is on the ropes. Thomas Piketty, Robert Gordon, Adair Turner, and Larry Summers have lamented the end of growth leading to a new age of “secular stagnation”. Is capitalism a spent force? In its current form of crony…
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Thomas Carlyle, a Scottish philosopher and historian, termed economics “the dismal science” in the 19th century. Regardless of Carlyle’s reason for originating the phrase, today’s economics profession ensures that economics remains true to Carlyle’s sentiment. In an era of abundance,…
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