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Modern Monetary Theory: Reality check
Share this articleI’ve written extensively over the past years about the rise of Modern Monetary Theory (MMT) and all the terrible dangers it entailed from its very birth, not just for our economies, but for our societies too. Although it captured media interest and monopolized a lot of “expert” debates at…
The Reece Committee: Lessons from history
Share this articleIn the early 1950s, against the backdrop of the Cold War and growing concerns over potential clandestine efforts at internal subversion, the United States Congress launched an investigation into the activities of major tax-exempt foundations. Thus the Reece Committee was born, spearheaded by Congressman B. Carroll Reece, with…
“There is no such thing as a free lunch, but the temptation to distribute one or to get one seems to be too strong”
Share this articleInterview with Daniel Model: Part I of II During these absurd and uncertain times, it is easy to be consumed by the 24-hour news cycle, to be constantly distracted by the latest news and updates, and eventually to lose track of what really matters. We are indeed facing unprecedented…
50 years since the closure of the “gold window”
Share this articlePart I of IV by Claudio Grass What happened and why This year marked the 50th anniversary of President Nixon’s decision to unilaterally close the “gold window”. The impact of this move can hardly be overstated. It triggered a tectonic shift of momentous consequences and it changed not just…
The awakening of the working class
Share this articlePart II of II, by Claudio Grass, Switzerland One of the maxims I tend to mention quite often in sociopolitical debates or in response to arguments about the flawlessness of the democratic process is “the smallest minority is the individual”. To some, it might sound trite or banal, and…
