The Spenglerian association of Prussia with Socialism, as paradoxical as it may seem to most people, does have an historical basis. The history surrounding this association is unfortunately too obscure, even though a Prussian origin can be discerned in the… Read More ›
Economic History
All Economics-related Posts
Compendium: Exchange Rates and the Impossible Trinity
Every Currency has an Exchange Rate that determines its Value when compared against the Value of another Currency. This is best demonstrated by the Price of conversions between one Currency to another. If one wishes to know how much their… Read More ›
Oswald Spengler’s Prussianism and Socialism (Part II of IV)
Prussia, as a political entity in the world, was dissolved by the Allied Powers in the opening stages of the Cold War. Its territorial claims by West Germany ceased in what can only be described as the Faustian bargain. Prussia… Read More ›
Bretton Woods, the Gold Standard, and the Rise of the Debt Standard
To begin, I should address the significance of terms such as “Kapital,” “Schuld,” “Incentives of Supply and Demand,” and other associated terms. These terms are used specifically in my critiques of Liberal Capitalist economics and finance to document the distinct… Read More ›
Economic Significance of China and the Americas
The Chinese in recent years have been proceeding with the development of the “Belt and Road Initiative” (BRI). The BRI is intended to solidify Chinese economic trade with the rest of Eurasia, the great landmass that comprises Europe and Asia…. Read More ›
Prelude to Capitalism and Socialism: The Renaissance, Printing Press, and Double-Entry Bookkeeping
The Renaissance in Western history began in the wake of the Black Death which ravaged Europe in the mid-14th Century (1346–1353). The Black Death sparked the decline of Feudalism, which was originally the Economic system of choice in the West… Read More ›
The Fourth Estate 