Thursday, August 18, 2011

Recessions Made Really Simple

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One word with which we are all unfortunately familiar is "recession". In a free market economy, a recession is a significant decre...

Deflation

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We sometimes read of inflation as a threat to the health of our economy. But now there is the chance of a phenomenon that occurs much less o...

Economic Collapse

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Let's take a look at the growing financial catastrophe. (This was written in autumn 2008.) I find that there is an aspect of the collaps...

Economic Boom And Bust Cycles

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Today, I would like to introduce more of my economic theory. Today's posting concerns the destructive boom and bust cycles that plague t...

The Extreme Inefficiency Of Wealth Production

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In my book, "The Patterns of New Ideas", I discussed the idea of what I called "fluff" in economic terms (see the idea ...

The Production Tier

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Have you ever been in a car with several people on the way to some destination when, while you all agree on what the destination is, everyon...

The Wage And Price Disparity

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One of the most important factors in the global economy today is the fact that in some countries, both wages and prices are high and in othe...

The Wage-Price Spiral Made Really Simple

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In western countries, both wages and prices tend to rise over time even if the average buying power remains about the same. When I was old e...

The Healthy Economy

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We can describe an economy as a platform to reward wealth creation and to make possible a division of labor (labour), so that each person ju...

The Wave Model Of Economics

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Today, I would like to describe my long-term view of economics as a wave. In idealized form economics, and thus politics, would reach an ...

Inflation And Debt

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I find that the debt crisis in Europe illustrates how debt and inflation are actually different manifestations of the same thing, that being...

The Trouble With Ratings Agencies

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In considering what can be done to improve the global economy, today I would like to add my opinion to those who think that these ratings ag...

The Very Slow Economic Recovery

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The Recession, which began with the economic crash of 2008, is officially over. But the recovery is going extremely slowly, unemployment in ...