In the SMP Compendium, Schuld is a German word that has two etymological meanings, a legal one and a financial one. The financial meaning is commonly used to refer to “Debt,” which is the amount that an indebted borrower owes… Read More ›
Socialist Finance
Compendium: Financial Regime
The term ‘Financial Regime’ is used throughout the SMP Compendium to refer to the political forces in command of a nation-state’s monetary policies. A lot of confusion about how monetary policies are conducted and realized within conventional economics can be… Read More ›
Compendium: Japan’s Lost Decades and the Rise of Zombie Firms and Zombie Banks
The “Lost Decade” refers to an economic and financial crisis that affected Japan, the effects of which continue to linger since the 1990s. The Japanese economy was devastated by the bursting of the asset-price bubble that came as the consequence… Read More ›
Update (31 May 2021)
There is already enough entries in the SMP Compendium to warrant the need to reorganize it. So far, every entry that I have completed was arranged in chronological order, rather than in specific categories for simpler navigation. The limitations of… Read More ›
Compendium: ‘Death-by-Overwork’, the Work-Standard’s Version of Hyperinflation
Various historical events have been cited by historians and economists alike as providing definitive examples of Hyperinflation. Weimar Germany, Mugabe’s Zimbabwe, and Venezuela have been cited as contemporary examples in the past century alone. These examples are well-known cases where… Read More ›
Compendium: The Internet, the Y2K Bug, and the Work-Standard’s Mechanization Rate
Information technologies grew up alongside nuclear technologies in the wake of the Second World War. The most obvious example of their pervasive importance is of course the World Wide Web (WWW). The WWW is the digital medium that everyone uses… Read More ›
Compendium: Impact of Work-Standard on Trade Policies
Unlike regular national economics, the field of international economics covers a broader political dimension that spans the entire planet. It is normal for nation-states to engage in international trade with others for whatever they need for their own economies. The… Read More ›
Compendium: Role of NSFIs within Work-Standard Economic Planning
National-Socialized Financial Instruments (NSFIs) are devised to not only to allow for a proper Socialist alternative to Financial Markets, but also overcome the well-known shortcomings of conventional types of economic planning. Their goal is to realize the conceptualization of an… Read More ›
Compendium: Hamiltonianism and the Form and Actuality of “Federal Socialism”
In my Readings of Prussianism and Socialism, I have insisted that Oswald Spengler’s arguments therein to be considered relevant in an American context. My justification for this pertains to the idea that Alexander Hamilton and the pro-Hamiltonian faction within the… Read More ›
Compendium: Financial Markets and the Quest for their Work-Standard Alternative (Pt. II of II)
After conducting preliminary evaluations and drafting the organizational structure within the legislative framework of a Socialist nation-state, conclusions have finally been made regarding the viability of the Work-Standard presenting alternatives to Financial Markets. This entry is a continuation of its… Read More ›
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