Thursday, February 3, 2011

The Problem with Money, Part IV: Say's Law of Markets

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In his book, Aristotle for Everybody (available through the Just Third Way "Bookstore" over there to your right), Mortimer Adler ...
Wednesday, February 2, 2011

The Problem with Money, Part III: "Post Scarcity" Economics

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Yesterday we summarized the claim in conventional economics that humanity is nothing more than a consuming machine that swallows everything ...
Tuesday, February 1, 2011

The Problem with Money, Part II: The Black Hole of Consumption

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We ended yesterday's learned discourse with the question why, if we all have the derived right to create money — "derived" bec...
Monday, January 31, 2011

The Problem with Money, Part I: What IS that Stuff?

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No, we mean the other problem. What's that? Oh, sorry. Okay, the other , other problem with money. The first problem, of course, is...
Friday, January 28, 2011

News from the Network, Vol. 4, No. 4

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Recently, as part of our informal "Mortimer Adler Revival," we started rereading How to Read a Book , one of Dr. Adler's earli...
Thursday, January 27, 2011

More of the Same

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Less than two full days after President Obama's State of the Union address on Tuesday, virtually all discussion and talk has faded away....
Wednesday, January 26, 2011

"Power Naturally and Necessarily Follows Property"

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Although yesterday we concluded our short series on the connection between the propertyless condition and the "condition of dependency...
Tuesday, January 25, 2011

The "New" Slavery, Part V: Ending Slavery

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As we mentioned previously in this short series, William Cobbett, "the Poor Man's Friend," linked slavery to the condition of ...
Monday, January 24, 2011

The "New" Slavery, Part V: Debt Slavery

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In the previous posting in this series, we looked at how money can (and is) created to finance new capital formation without being enslaved ...
Friday, January 21, 2011

News from the Network, Vol. 4, No. 3

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A few months ago Reuters reported that American companies had accumulated approximately $1 trillion in cash. The news service speculated th...
Thursday, January 20, 2011

The "New" Slavery, Part IV: The Slavery of Past Savings

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Yesterday we mentioned that there are people — wage and welfare slaves — who are convinced that they are free. The usual grounds for claimi...
Wednesday, January 19, 2011

The "New" Slavery, Part III: The Wage-Welfare System as Slavery

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Some years ago we got into a discussion with someone who was convinced that our talk of "wage slavery" was "silly Marxist rhe...
Tuesday, January 18, 2011

The "New" Slavery, Part II: The Wage System as Slavery

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Sometime in the early 1820s, William Cobbett, the "Apostle of Distributism," ran for parliament. Perhaps it would be more accurat...
Monday, January 17, 2011

The "New" Slavery, Part I: Slavery and Its Diagnosis

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Depending on who you ask, "slavery" can be construed anything from the normal condition that "they" impose on "us...