Various proposals were offered in the 1930s to counteract the negative effects of the Great Depression. From monetary reforms and nationalization of privatized firms to the popularization of Keynesianism and Soviet-Type Economic Planning, the decade was a period of economic… Read More ›
MMT
Update (21 July 2021)
Everyday perceptions of Technology tend to describe it as being an “instrument” or a “human activity.” While those are understandable and acceptable definitions of Technology, neither properly addresses the true “essence” of Technology. As mentioned in Part VII of the… Read More ›
Compendium: How the State receives Revenue and allocates the Budget
The Vocational Civil Service (VCS) Economy model does not rely on the conventional taxation policies found in Liberal Capitalism. The State receives the Revenue for its Budget from the same national economy that it predominantly owns and controls. All Geld… Read More ›
Compendium: Theories of Money (Pt. I of II)
Competing Theories of Money have proliferated in the Western world when the concept of Currency became grew increasingly important since the Renaissance. In addition to the Theories of Value that argued for different ways to determine how much something should… Read More ›
On the Validity of the Global Savings Glut (GSG)
Are there any discernible connections between the spiraling amounts of Schuld owned by billions of people and dozens of nation-states and the planetary-wide proliferation of Fiat Currencies since the death of Bretton Woods? This Blog has found convincing evidence to… Read More ›
The Fourth Estate 