A major myth about capitalism is that is characterized by a business cycle. In fact, there is no such thing. What we commonly call a business cycle is a government induced credit cycle. We live in a state of democratic fascism, which is the actual system that…
The fall of the Berlin Wall provides a useful starting point for examining the public policies and private and corporate actions that led to the fall of the U.S. sub-prime mortgage market. These two events are like book-ends to a chapter in history that will entice historians for centuries.…
Author notes how trends from the past can help investors and thinking people to prepare for what 2010 has to offer. …
Twitter is abuzz with those that are against the award of the Noble prize to President Obama, and those that are happy and supportive. Take this poll and let us know what you think!…
The cause of poverty is both economic and cultural. It is economic because the necessary conditions for productivity - economic liberty and law are wholly absent from such places. It is cultural because the philosophy or fundamental beliefs and worldview of the populations of poor populaces is unsuited to the…
We are in the only age where there is no cultural consensus about anything. People are making it up as they go along because there is no cultural point of reference. We need a new word or phrase to denote this system impelling accelerating change referred to by Marx…
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