Economic value

What determines Economic value? Many people think the amount of labor and hard work you put into something will determine value.  Because you put effort into something than you have created something of economic value.  Something that others will hail as great. Economic value is subjectively determined by whatever you think it is worth. This […]

Will there be another economic crisis like 1929 or 2008?

Yes and soon. Because the Federal Reserve pumps money according to economic theory, this distorts the capital structure by achieving growth unconnected to real savings. In 2019 or 2020 the economy will start its descent down. This will specifically be triggered when the Federal Reserve Bank increases interest rates. The nature of economics is a […]

Is capitalism over

The conventional wisdom is that government, although not perfect, helps correct and protect us from the from deficiencies of capitalism. For example, government saved us during the Great Depression and the 2008 crisis. It helps to curb and in some cases correct injustices, particularly inequality, by giving the underdog the same opportunities as the rich […]