A Socialist View of Compound Interest

Mainstream economics is adamant against looking at debt as something that can grow exclusive from a society’s ability to carry it. There have been few who have bothered to even conduct an investigation. Usually one has to look at socialists or lunatic fringe rightists to get any kind of questioning. Even then, the rightists tend…

New Book Sample: Unemployment Data

The following is a selection from a new book I’m working on called: Super Simple Economics. The goal of the book is to explain everyday economic phenomena. Here I’m presenting the section on unemployment data. Unemployment data is most useful for determining the health of an economy. Employed people are actively engaged in the economy.…

Average Unemployment High as Rate of Profit Continues to Stagnate

After the Great Recession, there has remained a historically high duration in unemployment. Even seven years past the event, the U.S. still suffers from long periods of unemployment. Ideas surrounding the solution to this problem remain scarce.  The Fed’s interest rate is still at a near historical low. Economists see little positive effect in lowering…