…blog. This post tackles the question of wealth accumulation. Where does wealth come from? What are the mechanisms that create assets? Households and the accounting-ownership pyramid I realize first, though,…

…accounting-based economists, even the proudly heterodox. (Including some at extraordinary length, and occasionally even borderline hysterical in their negativity.) PSZ may have the professional moxie to bruit the label and…

…of the complaints about mark-to-market accounting. I think we have to get through that, and there’s legitimate questions there, but the overwhelming need is not to have different accounting systems…

…white label website development. A local flower shop is considered a retail business. This is true but, it is also a manufacturing business. The design of your shop’s storefront is…

…in itself explains why they don’t understand the aims of Progressive Taxation. Label it how you like, the academic discipline that emerged from England in the 18th and 19th century…

…the GOP attempt to label the Dems as the tax-and-spend party, the GOP turned out to be the tax-cut-and spend-anyway party. Government grew under Bush, even while revenues shrank. The…

…cost “a quarter of a trillion dollars” perhaps hoping people are still scared by the label rather than the number. Because in the context of a $750 billion TARP package…

…there is a column equating to ‘Income – Cost’ which is labeled ‘Net increase during the Year’. Now the Trustees don’t label this as ‘Surplus’ but there is little doubt…

…costs). Notably, both have become tiny as prices stamped on products have been replaced by bar codes and one label giving a price per item or unit price. Converting instruments…

…4. Coins and currency. Physical accounting tokens that make it easy to transfer fixed-price assets from one owner/balance sheet to another. A subset of #3. They’re convenient proxies for the accounted assets,…