Tag Archives: FIRE sector
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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It’s all about the rents
John Maynard Keynes was famous for his acerbic quote: Euthanize the rentiers. How did we come to worship the rentiers in our economy instead? I’ve been nattering on about the scourge of rentiers since CK’s inception, and how classical political … Continue reading
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Tagged David Cay Johnston, FIRE sector, John Maynard Keynes, Joseph Stiglitz, Michael LInd, rentier
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