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Tuesday, January 27, 2015

Greek Vote Pushes EU to Limit
 
The resounding victory of Alexis Tsipras in the Greek election was certainly a referendum that rejected the austerity demands placed on Greece by the European Union. The Wall Street Journal says the following, in Syriza Win in Greek Election Sets Up New Europe Clash.

“A Syriza victory marks an astonishing upset of Europe’s political order, which decades ago settled into an orthodox centrism while many in Syriza describe themselves as Marxists. It emboldens the challenges of other radical parties, from the right-wing National Front in France to the newly formed left-wing Podemos party in Spain, and it sets Greece on a collision course with Germany and its other eurozone rescuers.”
 
1:48 am est 

Tuesday, January 13, 2015

Carl Menger and the Real Bills Doctrine

In the Daily Bell’s recent interview, Dr. Antal Fekete: Blowing Up Modern Austrian Economics ... in a Good Way, Professor Antal E. Fekete addresses the foundational economic work and understanding of “Real Bill” money by Carl Menger. Reviewing this subject, may be a new experience for most and for mainline economists a topic that is problematic. How is it possible for central banks to use the argument of real bills, when modern academics differ with the mechanics of their cherished monetary theory?

Read the entire article 

7:30 am est 

Tuesday, January 6, 2015

Social Credit Monetary Theory

Few people are familiar with the concept of Social Credit by Clifford Hugh Douglas. In his book, by the same name, his theory is presented. 
 
6:15 am est 


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