I used to wonder how it is that after generations of Americans spent their entire adulthood paying mortgages just as their parents had, only a tiny fraction actually owned their modest homes outright upon retirement. The next generation, in most cases, starts the process all over again with little if any inheritance. Where is the … More Clearances, Foreclosures, and Evictions
It’s hard to accept the idea that most human activities are based on illusions. But look at the nature and kinds of illusions out there. Some illusions are necessary and good, while others are quite destructive. We tend to see the illusions of tribal cultures as “myths,” illusory fictions about the world, whereas we see … More Some Serious Social Illusions
Money and banking seem far too mysterious to far too many people. Read all about it and you may feel that much of your time was wasted, simply because at root it seems not all that complicated. Oh, the world of money and banking has been made quite complicated, but that’s because of who is … More Money: Banking on the Economy of the Absurd
