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Category: Op Ed

Update: Is Bitcoin Coming Unglued?

February 14th, 2014
in Op Ed

It was only 10-days ago in an article here, 'Bitcoin and real estate transactions! (Video)', we posited that Bitcoin at some point could become a standard and accepted currency to use in real estate transactions! more »

Ayn Rand was Almost Right on Money

February 13th, 2014
in Op Ed

I am reading some early Post-Keynesian literature for a research project. Marc Lavoie (1992, 439) writes:Furthermore, according to Le Bourva, money enters the econonomic system through the activity of production rather than exchange. [...] This leads to a view of the economy based on the 'total prefinancing' of production ... more »

Finance Refuses to Take Akerlof and Romer Seriously About Looting

February 13th, 2014
in Op Ed

I have often written and spoken of my frustration that economists refuse to read George Akerlof and Paul Romer's classic 1993 article ("Looting: The Economic Underworld of Bankruptcy for Profit") and apply it to an analysis of the current financial crisis. more »

Aggregate Adjustments and Distributed Change

February 12th, 2014
in Op Ed

For aggregates to persist, every distributed component process must change? That is always obvious once said, so why does so much distributed friction persist, over the seemingly obvious? more »

Pyramid Theory I, Version 3

February 12th, 2014
in Op Ed, syndication

On August 19, 2011, I published Politics & Economics: Pyramid Theory I (version 1). It has received close to 6,000 page views so far. In late 2012, I revised it (version 2) for inclusion in my first book "Saving America, Chinese Style". more »




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