In a blog entry that is well worth reading entitled "What Choice Do We Have?", Charles Hugh Smith discusses the extreme and ever-increasing income inequality that characterizes economic life in the modern world (amongst other closely related issues):

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  • Douglas Social Credit ... By Way Of Metaphor
    For whatever reason, Douglas Social Credit seems to exhibit an unusually high informational “barrier to entry” and yet it is vital that as many people as possible would come to understand it as quickly as possible because the financial analysis and remedial proposals of Major C.H. Douglas (1879-1952) are the solution to 90% or more of our financial, economic, political, cultural, environmental, and international problems. In what follows, I will focus on the monetary dimensions of Douglas Social Credit, though the reader should be aware that DSC constitutes a much broader body of thought which incorporates a social philosophy, a political theory, and also a theory of history. Since the easiest way to grasp something new and therefore unknown is to approach it by means of the known, this article relies heavily on metaphors to communicate the truth of Douglas’ vision.
    Written on Saturday, 13 January 2024 15:56 Read more...
  • Dr. Oliver Heydorn on Mark Anderson's "Stop the Presses" Radio Show
    On January 3rd, 2024 and again on January 10th, 2024, Dr. Oliver Heydorn appeared as a guest of Journalist Mark Anderson on the Republican Broadcasting Network. The interviews can be accessed under "read more".
    Written on Wednesday, 10 January 2024 17:02 Read more...
  • Inflation? Maybe it’s Time We Tried Compensated Price Discounts
    If the inflation we are witnessing is cost-push, instead of demand-pull, or insofar as it is cost-push, there is another way of dealing with the problem which governments and their central banks should seriously consider: compensated price discounts. Instead of increasing wages across the board (which will only further increase prices), the same amount of money required for the wage increases could be spent on reducing prices through a universally applied discount (a kind of reverse sales tax). Retailers would be compensated to the extent of the discount (enabling them to meet their costs in full), while consumers would see the purchasing power of their current wages, savings, etc., correspondingly increased. The cost-push inflation would be neutralized and everyone would benefit.
    Written on Friday, 05 August 2022 00:40 Read more...