Political Economy

Author: Mark Biernat

  • My job sucks – in the new economy

    Yes, it is true my job sucks – What about yours? There is a difference between toil (having a job) and work. Toil is what you do to pay the bills. Work is when your vocation and avocation are aligned. The issue is most of us, but not all, are still stuck in phase I…

  • Recession this year

    The US is 23+ Trillion in Debt, we have pumped money, and the magic show will come to an end. Perhaps at the end of 2020 after the election. Why? Washington can not stop spending. The Fed can not stop printing money. Corporations are in debt and have used this to push up their stocks.…

  • Wicksell expectational business cycle model

    Knut Wicksell developed a model for understanding price movements based on the divergence of the observed bank rate of interest and marginal productivity of capital or let us say the profit rate. variations of this idea were developed by the Austrian school of economics to explain business cycles. That is disequilibrium in the monetary markets…

  • If you do not like your job, quit

    I am not talking about quitting your side job, but your day job, leave it if you do not like it. What is stopping you? In my book, there are only jobs or following your dream. I guess jobs are good for temporary income to get you out of debt, but you better commit yourself…

  • Cost based pricing vs. Value based pricing – How naive are you about economic justice?

    I believe the heart of the misunderstandings about economic justice and fairness is a misunderstanding about what a price is. Many people on all sides of the political spectrum have passionate views about economic justice and what this represents? It determines who to vote for and how the economy should develop. The central question is…

  • Consultant or Salary which is a better position?

    What is the best career path being a consultant or being a full-time paid salaried employee? I think people need to be more open to consulting.

  • 101 reasons Obama did not save the US economy

    One of the arguments Obama supporters say is “Obama saved us from an economic depression”.  They usually say it with a simultaneous gaze to the heavens and a voice tone turned slightly higher. Obama supporters then get a serious look on their faces and in a deeper voice say, ‘Without his injection of 1.5 Trillion…

  • Currency competition – Stop the government monopoly of money

    Competing currencies is the idea that anyone can create and trade with any form of money.  Sounds great does it not? You can mint your own coins in your basement. You can print your own money in your workspace on your new HP printer and digital editing software and spend it, and make your own…

  • I dont care about politics

    When I hear people say ‘I am tired of politics or I do not like politicians or they are all bums and crooks in Washington, I raise an eye brow, you know like Mr. Spock used to do, and say ‘fascinating’. This is the way I feel: Washington is ruled by a small elite who…

  • Would you hire Barack Obama?

    Do you have a job? Then, take a minute and think how hard you bust your hump at your place of employment.  Think what it takes to keep this position. You are there because of years of practical experience and real world struggle.  My question is, if you are in a real job, that is,…