The Bitcoin Split Won’t Inherently Change the Currency

Bitcoin is the monetary scheme that refuses to go away. In the past, we’ve seen the instability and inherent flaws in the currency. But right now we’re seeing something interesting. The value of Bitcoin has increased 15% since last Friday reaching $3,230 per token. The Bitcoin community is celebrating this increase in the wake of…

Trumponomics: A Scatterbrained Idea

Donald Trump has been quite strange when it has come to economics. It is clear from anyone who has heard him speak that he has little to no knowledge on the subject. often he contradicts himself or makes promises that simply cannot be fulfilled. He’s entirely reliant on others for information. When they advise him,…

U.S. Hypocircy over Softwood Lumber and Free Trade

The issue of softwood lumber has been a long-standing problem of trade between the US and Canada since 1982. There have been numerous legal battles over the trade which have caused some degree of tension between the two countries. But as I will show, the U.S. outrage at softwood lumber prices is nothing short of…

What is Driving the Death of Retail Stores?

In less than four months there have been as many retail closures this year than there was in all of the last year. Sports Authority and Payless have filed for bankruptcy, while Lululemon, Urban Outfitters, American Eagle, and Ralph Lauren have hit multi-year lows. A terrible crisis is sweeping through the retail industry causing mass…

Is there a Wage Based Threshold in the Automation of Labour?

I’ve been reading up on the current stage in the automation of labour. The automation of industry seems to be more complex than Marx had originally anticipated. The main drive of automation has been the reduction in the cost of production. However, the question arises: is there a threshold, a point at which the cost…

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…