With the country gripped in the icy grip of a gripping Polar Vortex, the Just Third Way forges on in hot pursuit of justice:
• Credit Course in Binary Economics Offered. Dr. Robert Ashford reports that Syracuse University is now giving course credit to students attending his course on binary economics course. This is a major breakthrough in Academia for the Just Third Way and the economics of reality.
• Bill Moyer Interviews Kelso. Okay, it’s not exactly breaking news, but in a broadcast aired July 29, 1990, Bill Moyer interviewed Louis Kelso. The transcript is here. Both Moyer and Kelso kept using the word “capitalism,” which we try to avoid . . . after all, “capital” is things, and do you want to espouse “thing-ism”? The interview is good, though, if you mentally edit some of the terminology.
|Louis O. Kelso|
• Review of The Capitalist Manifesto. We also recently had brought to our attention a review of The Capitalist Manifesto by Louis Kelso and Mortimer Adler. The review, by University of Minnesota Law School professor Harlan M. Blake writing in the University of Chicago Law Review, is clearly written from a “Currency Principle” perspective and therefore uses the wrong framework of analysis. It’s a little like reviewing a mathematics textbook and attacking it because it’s not a romance novel. The problem, of course, is that Kelso and Adler were writing from the perspective of the “Banking Principle,” so the reviewer ended up comparing apples and oranges. For example, Blake stated that Kelso and Adler’s work recalled that of Henry Simons . . . except that Simons’s work was the complete opposite of Kelso and Adler in the key area of money and credit! Simons advocated carefully controlled creation of money by the government backed by its own debt, while Kelso and Adler proposed that new money only be created as needed backed by private sector assets — a completely different way of looking at things, and one that puts the people in charge instead of the government. Simons, for example, refused to endorse his own plan because he could not figure out a way to keep the politicians from taking it over, while Kelso’s proposal would make it impossible for the politicians to do anything with respect to money creation even if they did seize control.
• Second Income Plan Films. Another interesting item that we came across is a film of “the Second Income Plan. Actually, it’s three pieces, all of which are in “bite size” pieces of less than twenty minutes each.
|Don't be in a pickle. Smile!|
• Shop online and support CESJ’s work! Did you know that by making your purchases through the Amazon Smile program, Amazon will make a contribution to CESJ? Here’s how: First, go to Next, sign in to your Amazon account. (If you don’t have an account with Amazon, you can create one by clicking on the tiny little link below the “Sign in using our secure server” button.) Once you have signed into your account, you need to select CESJ as your charity — and you have to be careful to do it exactly this way: in the space provided for “Or select your own charitable organization” type “Center for Economic and Social Justice Arlington.” If you type anything else, you will either get no results or more than you want to sift through. Once you’ve typed (or copied and pasted) “Center for Economic and Social Justice Arlington” into the space provided, hit “Select” — and you will be taken to the Amazon shopping site, all ready to go..
• Blog Readership. We have had visitors from 29 different countries and 46 states and provinces in the United States and Canada to this blog over the past week. Most visitors are from the United States, the United Kingdom, India, Australia, and the Philippines . The most popular postings this past week in descending order were “Fulton Sheen and the Roots of the Problem,” “A Democratic Socialist Responds,” “Thomas Hobbes on Private Property,” “,” and “News from the Network, Vol. 12, No. 04.”
Those are the happenings for this week, at least those that we know about. If you have an accomplishment that you think should be listed, send us a note about it at mgreaney [at] cesj [dot] org, and we’ll see that it gets into the next “issue.” If you have a short (250-400 word) comment on a specific posting, please enter your comments in the blog — do not send them to us to post for you. All comments are moderated, so we’ll see it before it goes up.