by Greg Maybury | Aug 29, 2015 | Economic History, US History, US Political Economy, US Politics, Wall Street
There are many ways to create economic suicide on a national level. The major way throughout history has been by indebting the economy. Debt always expands to reach a point where it cannot be paid by large swaths of the economy. That is the point where austerity is...
by Greg Maybury | Aug 22, 2015 | Economic History, US Political Economy, Wall Street
All economic and political institutions are contrivances that should serve the interests of the people. When they fail to do so, they should be replaced by something more responsive, more just, and more democratic. Marx said this, and so did Jefferson. It is a...
by Greg Maybury | Aug 15, 2015 | Economic History, US History, US Political Economy, US Politics
…..the banking industry…is the most guarded and powerful oligopoly of all….[t]he legitimacy of this cartel on the one hand, and American hegemony on the other, are two of the chief tenets of orthodox western ideology: all western practitioners of the social sciences...
