Debate on “Modern Monetary Theory” Misses the Mark

Artificial wealth comprises the things which of themselves satisfy no natural need, for example money, which is a human contrivance. ~  St. Thomas Aquinas Buzzwords seem to rule public discussion of just about everything. Money is no exception. Now it’s “Modern Monetary Theory.” What’s that? Well, it depends on who you ask. In modern times, … More Debate on “Modern Monetary Theory” Misses the Mark

Republicans Love Hate Trump

Do you remember the 2016 Republican presidential primaries? Expressions of disgust and derision for upstart outsider Trump among the party establishment and clamoring candidates were widespread. My, how times have changed. Initial faux principled “anything but Trump” stances dissembled into fake adulation and obsequious pandering by congressional Republicans to an increasingly erratic fake president. Henchman … More Republicans Love Hate Trump

Intermediation Blues

As commonly used in finance, “intermediation” refers to banks and other financial institutions borrowing from savers/investors and lending to companies that need funds for investment in operations and new projects. I will look at the idea more broadly here. Intermediation occurs in countless ways in our industrial-consumer society. Most of the time, we do not … More Intermediation Blues

Dead End

Age seems to bring on associations with drugs the doctors say we need. Most are not addictive, though many don’t do much good and often have unwanted “side effects.” Sometimes the “side effects” are front and center! One of the discomforts of being a Jubilado (retiree, if you don’t know the word, en español) is the … More Dead End