When are payments to holders of the tax-credit by the state ever a useful policy?

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?

The Two Families of Global Reserve Proposals & Swap Lines

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

Types & Motivations for Supranational Currencies

It is important to note that the proposals for a supranational currency have been made with various, disparate goals. Some are primarily interested in some aspect of commodities, others primarily or completely the supranational-currency aspect. These can overlap in several ways. The primary possibilities:

Questions Related to International Trade & Currencies

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.

The Guernsey £: A Pirate’s Tale

OK, not exactly a pirate.
But close enough for modern times.
Jacques S. Jaikaran, M.D.: A Caribbean émigré-cum-doctor (via Leeds, England)-cum-Houston, Texas bank-board member & plastic surgeon (losing his license for issues "involving moral turpitude")-cum-US prisoner for tax-evasion & fighting for renewed Independence for the "Republic of Texas" (he tried to arrange for the "Republic of Texas" to purchase a "four-story building, similar to a compound, included machine gun turrets, a bomb shelter and a surgical operating room."

Book free on Amazon for 48 hours! (Kindle)

Hello everyone- I am making a Kindle version of 1000 Castaways: Fundamentals of Economics FREE on Amazon for reviewers for a short time - but anyone here can take advantage of this and get their free copy. It is free for the next 48 hours  (all day Sunday & Monday, Pacific time USA). You guys … Continue reading Book free on Amazon for 48 hours! (Kindle)

1000 Castaways, Chapter 2: System Two

(←Chapter 1       Chapter 3→) Chapter 2 System Two SO FAR WE HAVE SEEN how a system can emerge naturally that functions to help individuals better coordinate the use of real resources and thus increase the private production of society overall (Chapter 1). This increases the production of real goods and services for everyone. … Continue reading 1000 Castaways, Chapter 2: System Two

The Myth of the Currency Hierarchy

(response to Coppola's "The Myth of Monetary Sovereignty" and related discussions) PREFACE A) Properly understanding the macroeconomy allows countries to operate at their full real-resource potential, whatever that might be. B) Understanding the macroeconomy does not change the real resource potential of countries. That is a more fundamental question concerning the improvement of the institutions … Continue reading The Myth of the Currency Hierarchy