…isn’t. It is much worse. Capitalism was all about a return on wealth; required the production of goods and services. Financialization is about making money off money. Money itself, the…

…Christph Ungerer of the European Commission’s Directorate-General for Economic and Financial Affairs (see also here). They use a gravity model to predict export flows in 56 countries, and compare the…

…have been retracted in view of the need to approve funding for relief funds to Texas. But another aspect of globalization—international financial flows—seems to have escaped the President’s wrath. The…

…of saving as holding assets (versus transferring them to others). Saving is just a residual, or remainder, of two economic flows: income minus outlays. It’s not itself an economic flow. In fact…

…so you can tell SS money from other money. This is a lie. The government is quite capable of keeping track of where the money comes from and where it…

…concept, that the only expenses—the only money people pay—that actually matters to them is money paid to the government. No other expenses count as money—as loss of income or as…

Is Bitcoin Really Real Money? Ontological and Epistemological Questions  The movement to make Bitcoin into a de facto form of money has taken a step forward when Elon Musk declared…

Is Bitcoin Really Real Money? Ontological and Epistemological Questions  The movement to make Bitcoin into a de facto form of money has taken a step forward when Elon Musk declared…

…than optimal with worse than nothing (dealing with free market fanatics can cause one to overlook the difference). Bernanke could have sent money from the Fed’s magic money machine in…

…physical dimensions. Money is mere abstraction – in fact, most money today is mere ‘number money’ or electronic money that exists only in computers and whether the number is $1…