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An Incomplete Theory of Inflation Made to Order for Mass Consumption.

M oney is not what it used to be, so must our ways of thinking about it adapt. jaakko-kemppainen-unsplash The message treads across the media terrain, beating louder and louder as if to drown out the beat of the distant drummer. W arning! The only thing the stimulus will stimulate is inflation. The people will pay as the wealthy elite invests their windfalls in financial assets. Doom and gloom set to march across the land to the beat of the distribution of stimulus funds. In recent years as past predictions of fiscal disaster following stimulus spending failed to materialize and so the thinking about national debt and deficits has evolved, most noticeably with the development of  Modern Monetary Theory . In the   fall of 2020,  National Affairs  published a story,  Does the Debt Matter ? by Peter Wehner & Ian Tufts. Peter Wehner is vice president and senior fellow at the Ethics and Public Policy Center and served in the last three Republican administrations. Ian Tufts is a recent g

What is the Meaning of “Capitalism” and Other Out-Moded Terms?

 Time for a Language Upgrade? wonderlane-unsplash In the Beginning: The true history of eleventh-century civilization is a source of inspiration for contemporary apocalypse dramas. After five centuries of living in danger and uncertainty, walls were built around the town, so that the populous could focus on living rather than surviving. The church was the center of the community, attracting fairs, incorporating a marketplace and theatre, into its orbit. Technology had not developed to the stage that it required concentrated capital beyond the means of the ordinary citizen or town, creating an egalitarian society with a locally based economy in which wealth was created through production. Artisans and tradespeople typically made up four-fifths of the town populace. In the beginning, the economy grew through the activity of industrious producers before merchants gained dominance. Barter was the currency of exchange. And so I wondered, does the early medieval society qualify as a capital

As Democrats Call For Cuomo To Resign, What Happened to The Right To A Fair Trial, In The Era Of The False Narrative?

It's not about politics- it's about restoring a shared standard for truth. Er-nay, CC BY-SA 4.0 via  Wikimedia Commons This post  As Democrats Call For Cuomo To Resign, What Happened to The Right To A Fair Trial, In The Era Of The False Narrative?   has been selected as a Best of Tremr post:  www.tremr.com/best-of-tremr When Trump tried to extort Zelensky, all he wanted was for Zelensky to announce a new investigation into the Biden’s. Trump knew that only an accusation is needed for a conviction in the court of public opinion. At first, I didn’t pay much attention to the story about Governor Cuomo but it progressed like an incessant drumbeat. Governor Cuomo has been accused of sexual harassment. Governor Cuomo has six accusers! Democrats call for Cuomo to resign! Sexual harassment, sexual harassment, sexual harassment. Before investigati n g it myself. the buzz led me to assume, that there must be serious allegations of substance behind such an uproar. I read the blog post tha

Its Not the Economy, Its the Culture!

Trump has brought into focus a long brewing social crisis SELECTED FOR THE BEST OF TREMR darren-deloach-unsplash I was a Republican, until the 2016 convention when a petition gathered enough signatures to let delegates vote their conscience, and was promptly dismissed by a voice vote.  That was when I first became aware that the Republican party was afraid, intimidated and dominated by the Trump base. I felt the party took the traditional base of the party, which included myself, for granted, as if we were party players, guaranteed to support the party, unquestionably, no matter where it went. Deeply ro o ted party obedience has been established. Many whom I once respected and are no longer recognizable. Those of us who did not follow the leaders no longer have a place in the Republican party and have largely become Independents. I voted straight blue in the last election, but consider myself Independent. There is no reason to believe that either one party or the other will continue to