Category Archives: Economics

Financial theory freed from the agendas of academia and politics

Good Night America

All of these images were for an article on America, but it seems America has turned out the lights and gone to sleep. Ben Shalom Bernanke, Chairman of the United States Federal Reserve, now moves to further debase the $USD … Continue reading

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Catamite America

Metaphorically speaking, America takes another one up the poop chute with Bernanke as primary fudge packer. No images today, they would be pornographic and offensive. Most of Europe put feet on the street to protest bank bailouts at the expense … Continue reading

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US Ponzi Final Fraud

William K. Black once again points out the obvious in: Why Covering up Fraud Losses Impairs Economic Recovery Part One: The Unbearable Lightness of the Accounting Cover Up While Mr. Black does an excellent job in explaining significant aspects of … Continue reading

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Stochastic Implications

The research behind a follow up to last month’s Money post grew past expectations. The history of the U.S. since 1934 involves complex and complicated financial creativity that appears challenging to break down in to understandable units. I will persevere. … Continue reading

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Money

Money Money requires specific understanding. A trap lies waiting by assuming that a common sense understanding of money represents reality. “There is no evidence of a society or economy that relied primarily on barter.” Marcel Mauss in ‘The Gift: The … Continue reading

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