For a few years now, Modern Money Theory, or MMT, has been the hottest buzzword in economics. The insights of MMT regarding our nation’s spending debate have been simultaneously misunderstood, disregarded, and celebrated. In this essay I will explain the central argument of MMT. I will explore why its conclusions are dangerous in the wrong…

Di Fritz-Anton Fritzson. Originale pubblicato il 31 ottobre 2019 con il titolo The Cryptocurrency Revolution is Already Underway. Traduzione di Enrico Sanna. Secondo Black Cat, il denaro astatuale comporta un “paradosso”: “potrà essere usato quando lo stato non sarà più lì a bloccarne l’uso, ma non finché lo stato è presente.” E però, come lui…

According to Black Cat, money without the state involves a “core paradox” – “it [non-state money] will inevitably be used without the state being there to stop its usage, but it cannot be used while the state is present.” However, as the author also acknowledges, “as people free themselves from the state, moving beyond its…

Di Black Cat. Originale pubblicato il 7 ottobre 2019 con il titolo Money Without the State. Traduzione di Enrico Sanna. David Graeber, in Debt, attacca quello che definisce “il mito del baratto”, l’idea che il denaro sia un’invenzione collettiva, uno standard universalmente riconosciuto per evitare i problemi del baratto. E ha perfettamente ragione: è un…

Graeber, in his Debt, attacks what he refers to as ‘the myth of barter’ — the idea that money is a communal invention and agreed-upon standard to avoid the problem of having to barter. He’s entirely correct — such a myth is false. However, some of his overzealous fans are incorrect — he at no…

The gold standard regime in its international character existed from the late 19th century through to the First World War. As a system, the gold standard is generally conceived as a monetary system represented, directly or indirectly, by gold. While having elaborate systems of coinage and paper money surrounding it, the main element was that…

Introduction The capitalist economy has gone through another shock, and the potential for another, larger one is on the horizon. While it’s seemingly in its death throes, capitalism continues to fuel growth. Under such a system we have seen a vast improvement in general living standards across the globe, despite rigged markets and the omnipresent…

The 2008 global financial crisis has had far-reaching implications, depressing markets for years. Charged with US monetary policy, the Federal Reserve Bank, with its mantra of “too big to fail,” is empowered to manage the economic downturn. The central bank’s monetary policies effectively redistribute wealth to the upper tiers of society — and the proof is…

Thomas L. Knapp discusses why you wouldn’t want to even buy a used car from the U.S. government, let alone law and security.

C4SS Research Associate Kevin Carson: “There are all too many people in American politics whose real concern, concealed behind all the “free market” rhetoric, is not so much “statism” per se as statism that benefits the wrong class of people.”