Demowp

Tag: Macroeconomics

  • How a Fed Overhaul Could Eliminate the Federal Debt Crisis, Part II: Curbing Fed Independence

    There has been considerable discussion in recent years about reforming, modifying, or even abolishing the Federal Reserve. Proposals range from ending its independence, to integrating its functions into the U.S. Treasury Department, to dismantling it and returning monetary policy to direct congressional or Treasury oversight. The Federal Reserve Board Abolition Act (H.R. 1846 and S. 869, 119th […]

  • Stagflation: Stagnation, Inflation, and Beyond

    Since my prediction in April of 2007 of an impending economic crash, I’ve vowed not to risk my unblemished record with any further predictions. But a simple thing that I learned from the run-up to that catastrophe was when the “little people” — the “every man and every-woman” — found their way into stock market […]

  • Is Capitalism Reaching the End of the Road?

    Capitalism is fast becoming so unpopular that the money-grubbing old autocrat in the White House wants to protect it by promising to investigate and prosecute anyone who speaks against it. Free speech be damned. But Milton Friedman said Capitalism and Freedom go together.  So, we will use some of that fast-disappearing freedom to comment on the […]

  • Bolivia: Unprincipled Left Split Causes Electoral Debacle

    A man looks at newspapers front pages the day after presidential and legislative elections in La Paz, Bolivia At the general election on August 17 2025, Bolivia’s right wing scored a greater electoral and political victory than expected, bringing 20 years of MAS-IPSP government to an end. Christian Democrat (PDC) candidate Rodrigo Paz Pereira surprisingly won […]

  • The Pragmatic-Demolition of  Techno-Feudalism

    One of the greatest tricks capitalism ever played on the global intelligentsia was convincing some of them that it no longer exists, that it is dead and gone, having vanished in plain sight from the face of the earth. And in the last few years, a branch of political economy has risen arguing exactly this, whereby […]

  • President Trump’s Proposal to Eliminate Income Taxes: Can It Be Done?

    In February, President Trump said that tariffs would generate so much income that Americans would no longer need to pay income taxes. The latest plan, according to U.S. Commerce Secretary Howard Lutnick, is to abolish income taxes for people who earn less than $150,000 yearly. That move would affect roughly 75% of workers, according to U.S. Census Bureau data. On its […]

  • The Return of Stagflation

    When investing, as in horror films, the most terrifying villains are the ones we thought were dead. Stagflation that economic nightmare of the 1970s characterized by stagnant growth paired with persistent inflation was supposedly dead and buried decades ago. But like any good movie monster, it’s clawing its way back to the surface, and Americans […]

  • Neoliberal Micro Psychology vs Communist Macro Psychology

    Neoliberal Micro Psychology vs Communist Macro Psychology

    Orientation This article is about the differences between the micro psychology of liberals and the macro psychology of communists. Differences include: how society and the individual is configured; the impact of capitalism on personal life; how the mind-body relationship is conceived; how the objective and subjective worlds are integrated; how politics impacts personal life and […]

  • Donald Trump and Depression Economics

    Donald Trump and Depression Economics

    Somewhere in the universe is a man known as Donald Trump. He has residences in New York, Palm Beach, Florida, and a white columned house at 1600 Pennsylvania Avenue, Washington, D.C. From these well-furnished bungalows, where supplicants meet to greet, monarch butterfly Trump governs his territory ─ planet earth. When the monarch desires a change […]

  • A Return to Basics: Rasmus, the “Neoliberal” Turn, and Exploitation

    Instead of the conservative motto, ‘A fair day’s wage for a fair day’s work!’ they ought to inscribe on their banner the revolutionary watchword: ‘Abolition of the wage system!’ Karl Marx, Value, Price, and Profit Today, the point that Marx made in his 1865 address to the First International Working Men’s Association is largely lost […]

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