News from the Network, Vol. 17, No. 35

Were you among the elite group expecting to benefit from whatever comes out of meetings at, say, Jackson Hole, or were a normal person trying to get by as the elites and the central banks of the world continue to manage the global economy into more chaos?  If the latter, you might want to consider promoting the Economic Democracy Act:, and bringing a halt to some of this nonsense:

Central Banking, I: Commercial Banks for Commercial Banks

Conspiracy theory to the contrary, central banks are not a plot by the bankers to conquer the world by controlling access to money and credit.  Government got into central banking by an accident of history.  King William III of England needed money and demanded a bribe in the form of the specie reserves of the newly organized Bank of England in exchange for “government stock” (i.e., government debt) for the bank to obtain a charter.

JTW Podcast: The Law of (Non) Contradiction

Does the world have a rational basis, or is it purely in the mind of the beholder?  As some of today’s thinkers and politicians insist, do we create our own reality?  Do we choose what we want to be and self-identify as?  R.C. Sproul thought differently:

News from the Network, Vol. 17, No. 34

It’s tempting to say, “Nothing to see here, move along,” but there might be something in the Same Old Thing that makes people realize things could be different by adopting the Economic Democracy Act:

A Rational Approach to Taxation, Part II

In the previous posting on this subject, we noted that by and large the tax systems in place throughout the world are employed as means of social control and justifying Keynesian economics instead of their sole justified use as the sole legitimate source of revenue for government.  Interestingly, both Adam Smith and Pope Leo XIII — usually assumed to be at odds on everything — agreed that for taxation to be just, it must adhere to what Smith called the four canons of taxation:

JTW Podcast: Mortimer Adler on Seeking Faith

In the 1930s, Mortimer Adler, a self-described unbaptized pagan, took a lot of criticism for “converting” people to Catholicism simply by getting people to think logically:

News from the Network, Vol. 17, No. 33

This week’s news items are more of the same only more so.  It gets a little tiresome to see all the situations that could easily be solved by adopting the Economic Democracy Act:

A Rational Approach to Taxation, Part I

Reportedly, vice presidential candidate Tim Walz “created ‘the most progressive tax system in the country’ for Minnesota.”  Pundits believe this will help Kamala Harris in her tax proposals.  It will probably do that . . . but are Harris’s tax proposals what is needed?  Come to think of it, are Trump’s tax proposals any better?

JTW Podcast: Mortimer Adler on Equality

Concluding our series on Mortimer Adler on the Six Great Ideas, today we have “Equality” — false ideas of which Alexis de Tocqueville warned us about.  So, what does “equality” mean?  Let’ hear Mortimer Adler:

News from the Network, Vol. 17, No. 32

 What’s astonishing about the wild fluctuations of the stock market this week is that people (the so-called experts) think it is not a sign that something is wrong with the system and that the Economic Democracy Act isn’t necessary:

Vladimir Putin, Keynesian

In his General Theory of Employment, Interest and Money (1936) John Maynard Keynes made some astonishing, even bizarre statements, many of which boggle the imagination.  We have addressed a few of them on this blog, and if this were an “anti-Keynesian” venue instead of a “pro-Economic Personalism” platform, we would have enough to keep us going for quite some time, years, in fact.

JTW Podcast: Mortimer Adler on Goodness

Continuing our series on Mortimer Adler on the Six Great Ideas, today we have “Goodness.”  What does “goodness” mean?  All things aim at the good, according to Aristotle, but what, exactly, is good?  Mortimer Adler gives us a few thoughts on the subject . . . and it might not be what you think:

News from the Network, Vol. 17, No. 31

“Winning isn't everything; it’s the only thing” in various forms has been to UCLA coach Henry Russell “Red” Sanders.  Similarly, some people talk about money so much you’d think it is the only thing.  It’s not — but if we don’t solve “the money question” in a just manner, we might as well stop where we are, and hope things don’t get worse.  Fortunately, we have a tried-and-true program of monetary and tax reform applied in the Economic Democracy Act which would stop a great deal of the foolishness we see in the news with respect to economics and finance: