Archive for December, 2009
-
A Leap Into the Unknown – Next Year’s Economy
The root cause of the current crisis is the mismatch between the monetary mass within the global financial system and the amount of assets available for investment. Current government and central bank policies have increased that mass beyond the system’s capacity to absorb it. The probable outcome will be a massive currency crash, which only the implementation of alternative policies could prevent.
-
The Case for Economic Sovereignty
The foundation of democracy is the people’s right to control the circumstances of their lives. This right has both political and economic dimensions. When the U.S. was founded, the political had priority, while economic control was a given. This is no longer the case, and today economic sovereignty has to be both affirmed and protected.
