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Tag Archives: Adam Smith
FIRE Alarm
We used to make things and employee people who were paid wages that they spent back into the economy. Finance properly allocated capital for productive ends rather than speculation and fraud. We had a productive economy that benefitted Main Street … Continue reading
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Tagged Adam Smith, Austrian School, banana republic, debt serfdom, elite resistance, financialization, FIRE sector, inequality, infrastructure spending, John Stewart Mill, Justice Brandeis, Main street, Michael Hudson, Milton Friedman, neoliberalism, Road to Serfdom, Simon Patten, tollbooth economy, Wall Street
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Doublethink
Doublethink, or the act of ordinary people simultaneously accepting two mutually contradictory beliefs as correct, is an essential means of population control for the U.S. government and corporate media. In this up-meets-down funhouse, destructive economic and foreign policies and narratives go largely unquestioned … Continue reading
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