In my work, I emphasize the huge influence our monetary system has not only on our economy but throughout society. I use monetary system to mean the underlying principles and concepts as well as our financial system, which is the implementation mechanism for monetary policy. I discuss this throughout my book as well as in articles on this website (for example, see The … [Read more...] about When Money Becomes Real Again
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Power and Freedom
Do we really want freedom or is freedom the name we give to what we really want? What has taken place in American society during the early decades of the twenty-first century suggests we are moving from freedom properly understood toward decreasing freedom. Because a flourishing society requires genuine freedom, this trend threatens much that we mean by flourishing. When the … [Read more...] about Power and Freedom
The Foundations and Effects of Our Monetary System
If we are to understand and solve our social problems, nothing is more important than understanding the impact of our monetary system—and nothing is more difficult. By "monetary system" I mean the fundamental concepts about the creation of money. Our monetary system has strongly shaped our government, economic, and social structures, and has done so in ways that are difficult … [Read more...] about The Foundations and Effects of Our Monetary System
The Role of a Citizen Ruler
The role of a citizen-ruler is important in understanding how we got to our present circumstances; it is essential in what is required to solve our problems and improve our society. There are, of course, other important concepts to grasp for understanding our present situation and building a better society, but none of those other concepts matter if we do not understand and … [Read more...] about The Role of a Citizen Ruler
Principles for Citizen-Rulers
We need principles to guide our thinking as citizen-rulers. Throughout history, the best rulers have possessed wisdom, an important aspect of which is an understanding of things that are always true. Rulers must make decisions for which no amount of knowledge and information are sufficient for a good decision. Citizen-rulers need wisdom. … [Read more...] about Principles for Citizen-Rulers