July 5, 2022

Debt Relief for Whom? Part I

The student debt burden has grown from about $481 billion in 2006 to $1,476 billion in 2022. Just wiping it all out would be unfair, because more than half is owed to relatively-high income professionals. Richard Vague proposes that the federal government should expand an existing program, to allow such

debt, Financial crisis, Inequality, National debt

May 21, 2020

Webinar with Richard Vague, author of A Brief History of Doom, May 17, 2020

In A Brief History of Doom, Two Hundred Years of Financial Crises, Richard Vague simultaneously fills in a gap in Henry George's economic model, and torpedoes the conventional Keynesian model of the business cycle.

Bubble, Financial crisis, Henry George, Macroeconomics, Real estate bubble

March 7, 2020

The Poverty Industry: How state and local service agencies scam both the federal government and their intended beneficiaries

In The Poverty Industry, Daniel L. Hatcher explains how the austerity following the 2008 financial crisis has induced state and local public service agencies to scam both the federal government and their intended beneficiaries.

Financial crisis, Inequality, Poverty

July 19, 2019

Review: A Brief History of Doom by Richard Vague

A Brief History of Doom: Two Hundred Years of Financial Crises is the most important economics publication to come along in years. The author, Richard Vague, a retired banker, documents how a necessary and sufficient explanation for a boom and bust cycle is an episode over several years of excessive