The Just Third Way

It’s hardly news that “conservatives” have a problem with Pope Francis.   As a rule, they tend to think that he has gone “too far.”...

Although the Center for Economic and Social Justice is an interfaith organization, and nobody’s income is tied to ...

Now that Pope Francis is winging his way back to Rome, and has probably “deplaned” by now, and let us remark that ...

The news items for this week are mostly of a report on CESJ’s participation in the World Meeting of Families in Ph...

Yesterday was a bit more lively than the first day.   Judging from the various scheduled book signings and intervi...

Yesterday was our first day at the World Meeting of Families here in Philadelphia, Pennsylvania.   We had a brief trip up on Monday...

It took us a while, but we’re now coming to the whole point of this series: how misuse of the banking system by bo...

As we saw last week, the real problem with fractional reserve banking is not that it allows commercial banks to cr...

Oh, look!   The world is ending (again).   As of this writing, the Dow is down over 250.   Not to worry, though.  ...

As we hinted yesterday, the real problem with fractional reserve banking is not that it permits commercial or mercantile banks to create m...

Yesterday we dismissed the Keynesian money multiplier as hooey.   It simply does not — and cannot — work as described in virtually ...

Yesterday we promised to take a look at what we called “the baffling puzzle of fractional reserve banking.”   To be frank, however,...

As we saw last week, there are many different kinds of money.   There is currency — what most people think of as m...

As of this writing, the stock market is waiting with bated breath for the latest decision of the Federal Reserve o...

Ask most people to show you what money is, and they will pull out a dollar bill, a pound note, a crown, franc, or ...

As we saw in yesterday’s blog posting, per Say’s Law of Markets (and basic common sense), we don’t really purchase...

Banking Principle economics is a little more straightforward than Currency Principle economics.   This may be beca...

Here’s a little game for you to play the next time you’re in a situation in which someone is ranting about “the banksters.”   First...

A number of interesting developments have happened this week.   Of course, interesting things happen every week, b...

If you’ve been reading this blog over the past couple of weeks, you might start wondering if the financial system ...