The sentence in Ben Shapiro's book preceding the title quote is this: "Discussions of income inequality, after all, aren't about prosperity but about petty spite."
I'm sorry Mr. Shapiro, but this is entirely about prosperity. And not at all petty.
economics
An important area of concern among many cryptocurrency proponents revolves around the idea that the current banking and government finance systems are inherently unstable or inflationary. Ultimately all finance is about debits and credits, assets and liabilities. How would total adoption of crypto by a country change these?
The currency of international trade has been on a lot of peoples' minds in the last few years. The hierarchy of currencies literature, the related questions of reforming the international monetary and financial system (IMFS), the effects of US monetary policy on the rest of the world (ROW). Add to that the war in Ukraine and Chinese trade-related discussion on the role of the ruble, dollar, yuan, oil and natural gas, wheat etc.
Before continuing with posts on this topic I want to note: I started these posts with a twitter comment by Nathan Tankus on replacing the dollar in international trade. That thread continues – that he foresees “a world of swap lines as alliance politics… Swap lines may seem like technocratic high politics now but it’s … Continue reading The Two Families of Global Reserve Proposals & Swap Lines
Imagine a new democracy imposes taxes on itself; the tax-credit is then spent, taxed back, thus provisioning public goods in the process. Not all spending is taxed back, thus the public has savings of tax-credits. Why would it make sense to pay more tax-credits to those holding tax-credits? If for any reason the public decided … Continue reading When are payments to holders of the tax-credit by the state ever a useful policy?
by Brian Czech
Election Day is almost upon us. Along with the 435 House seats are thirty-five seats for grabs in the Senate. Our focus here is on the Senate races, given their high-profile candidates, substantial policy stakes, and excellent examples of growthmanship gone amuck (literally, in some agricultural cases).
Candidates fall along a spectrum—theoretically at least—from a degrowth to a pro-growth stance. It’s a “theoretical” spectrum because, at this point in the history of the USA,
The post Three Senate Races for Steady Staters to Monitor appeared first on Center for the Advancement of the Steady State Economy.
by Brian Czech
Herman Daly, the champion of steady-state economics, passed away in the presence of beloved family members on October 28, 2022. In the process, a world in dire need of Herman’s wisdom became a lesser place. Yet we can be grateful for the 84 years he graced the earth and for the legacy he’s left us.
An excellent festschrift edited by Joshua Farley, a sweeping biography by Peter Victor,
The post Herman Daly (1938-2022): Up to the Steady State Economy appeared first on Center for the Advancement of the Steady State Economy.