It has often been claimed that a lower Taxation Rate can yield economic growth. The claim perpetuates like an Internet Meme over the past few decades due to the prevalence of “Supply-Side Economics.” As a macroeconomic theory from Liberal Capitalism,… Read More ›
Finance
Compendium: Soviet-Type Economic Planning (STEP) and the Formulas of its Accounting System
Soviet-Type Economic Planning (STEP) relies on its own methodology of calculating economic growth/contraction and the overall productivity of nation-states under Marxism-Leninism. Included in this methodology is a distinct accounting system and formulas. The accounting system is known as the “Material… Read More ›
Compendium: The “Paranoid Style” as a Jeffersonian Obstacle for Hamiltonian Federal Socialism
Anyone who has made serious contemplations about the return of Hamiltonianism as “Federal Socialism” must contend with the “Paranoid Style” identified by the American historian Richard Hofstadter. Written in the wake of conspiracy theories surrounding the rise of Barry Goldwater… Read More ›
Compendium: GDP Deflator Formula
In earlier entries, we discussed how the Liberal Capitalists rely on Gross Domestic Product (GDP) to gauge the valuations of all economic and financial activities within a nation-state. Included in the discussion were the three equations used to calculate the… Read More ›
Compendium: Work-Standard Formula for Quality of Arbeit
Arbeit is discernible from the outputs of economic and financial activities through the actual production of goods and services. The Value is affected by the balance of Work-Productivity (WP) and Work-Intensity (WI) for 1 Vocation and listed in the national… Read More ›
Compendium: Basic Retail Price Equations and the CPI Formula
For the sake of brevity, I will be using a currency placeholder for all of the equations that relevant to the SMP Compendium instead of any particular real-world currency. This placeholder is identified as a three-letter abbreviation according to the… Read More ›
Compendium: Democracy and the Council State (Pt. III of III)
There are a number of potential disadvantages that may arise while conducting any serious implementation of Councilor governance. Council Democracy, despite overcoming much of the shortcomings with Parliamentary Democracy, still has its own set of disadvantages to offset. These disadvantages… Read More ›
Compendium: Kapital
The term “Kapital” is used in the SMP Compendium to denote all forms of Currency that originate from the economic and financial activities of Liberal Capitalism. The distinct properties and characteristics that go into the creation of Kapital are tied… Read More ›
Compendium: Democracy and the Council State (Pt. II of III)
It is a common misconception by Liberal Capitalists to accuse Council Democracy of promoting “Democratic Backsliding” or “Illiberal Democracy.” Claiming to wield a virtual monopoly on Democracy as a political concept in the economic sense, they perceive any deviation from… Read More ›
Compendium: How the Central Bank sets the Exchange Rates under the Work-Standard
In the entries “How the Economy creates Arbeit” and “How Arbeit is converted into Geld,” all of the important steps on the basic processes of the Work-Standard were laid out. Granted, they were discussed in the context of a single… Read More ›
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