…things work right now. One of those better stories is the tax-based origin of “fiat”- money value. A sovereign is collecting taxes in kind. They issue coins (necessarily if only…

…true revolution would come through technology itself. In 1999, James Dale Davidson and William Rees-Mogg published a book that would become the blueprint for this technological coup: The Sovereign Individual….

…way to buy their allegiance. Officials at the National Security Council came to see the creation of a sovereign wealth fund for Greenland as a preferable alternative. Before he was…

…we handle our friends and perceived slights. Military presence is being used to control what sovereign governments say in public. But NATO was built on the idea of collective defense among sovereign…

…worth reading. Ed Harrison at Creditwritedowns weighed in here. Calculated Risk has posted a 5 series on Sovereign Debt both historical and comparative internationally. More to come from other economists….

…natural gas, other than the odd city bus or garbage truck in random municipalities? The answer is a simple but unpleasant one. See, we in the US would label the…

…considered almost risk-free because if the borrowers default, Fannie or Freddie will pay off the loans (assuming Fannie and Freddie remain solvent). Non-conforming loans go into pools known as private-label…

…ridiculous. But it does have the advantage of carrying with it the Madisonian Freedom/Liberty tag, a label that the Koch right confers upon anything it wishes, because that surely will…

…political debates, is a disagreement about how far to turn the knobs when adjusting policy; it does not seem to call for a separate ideological label. That said, Mr. Konczal…

Originally published at Evonomics and reposted at Naked Capitalism, Angry Bear Steve Roth continues his conversation on riches, income, debt, and expectations. Steve Roth serves as Publisher of Evonomics. By…