(NEXSTAR) – Americans are falling behind on their credit card payments at a level not seen in more than a decade amid high interest rates and persistent inflation, but some cities have far higher average debts than others, a study found. Four of the… Read More ›
Fractional-Reserve Banking
Services Inflation for Japanese Businesses Spikes by Most since 1991, Bank of Japan Gets Lots of Rate-Hike Ammo | Wolf Street
Huge month-to-month jumps for second month in a row as businesses jack up their prices for new fiscal year. Services Inflation for Japanese Businesses Spikes by Most since 1991, Bank of Japan Gets Lots of Rate-Hike Ammo
Dollar Diplomacy: 1919-1932 – Herbert Feis | Strategic Studies Book Club
[“Dollar Diplomacy” referred to the economic means by which the Jeffersonians imposed the Empire of Liberty prior to the Second World War. Before the IMF and the World Bank, the Jeffersonians relied on New York-based banking institutions to lend Kapital… Read More ›
Theology of Money, Credit and Debt | Economic Sociology & Political Economy
[Nothing new is to be learned from that particular post, other than the metaphysics of the Post-Bretton Woods “Debt Standard” that I criticized in The Work-Standard (3rd Ed.). The topic repeats itself because not many people understand its implications, nor… Read More ›
Work-Standard Accounting Practices: Key Accounting Assumptions and Principles of NSAP
A lot of what happens in Accounting and Bookkeeping is based on preconceived sets of “Assumptions” and “Principles.” These Assumptions and Principles merely inform the Accounting Profession on how to observe, record, process, and convey critical financial information to others… Read More ›
Update (22 April 2024)
Alright, now that the new Section One Entries of Work-Standard Accounting Practices are finished, the time has come to begin writing the Entries of Section Three. Everything from Section One has been helpful for understanding how to oversee how Kapital… Read More ›
Work-Standard Accounting Practices: Evaluating Profitability and Utility (Pt. I of II)
For this two-part Entry of Work-Standard Accounting Practices, we will be evaluating some aspects of Double-Entry Account Bookkeeping that are intimately related to Production for Profit/Utility. Given what was discussed about those two Modes of Production in The Third Place… Read More ›
Work-Standard Accounting Practices: Direct Write-Off and Allowance Methods
In addition to the Cash-Basis and Accrual Methods, there is the “Direct Write-Off Method” and the “Allowance Method” for recording and the tracking accumulations of Bad Schuld in Accounts Uncollectible. Remember, Bad Schuld is Schuld that has no chance of… Read More ›
Work-Standard Accounting Practices: Inventories and Accounts Receivable/Payable
In The Work-Standard (3rd Ed.) and again in The Third Place (1st Ed.), it was stipulated that the Market/Mixed Economy, like the rest of the Liberal Capitalist Nation, operate under two Modes of Production. Those Modes of Production were called… Read More ›
Update (15 April 2024)
Plans are already afoot on compiling as much information as possible from the Bookkeeping Certification courses. I was able to figure out how Kapital is used to create actual goods and services and how they were gained from transactional sales…. Read More ›
The Fourth Estate 
You must be logged in to post a comment.