Below you'll find a list of all posts that have been tagged as “Great Depression”
Senator Bernie Sanders’ candidacy for the presidency of the United States is in full blossom, on tour with rousing speeches to standing room only extraordinarily motivated crowds. Senator Sanders, the tough-minded Independent with socialists’ tendencies, is labeled a long shot to win the Democratic nomination, especially in the face of the odds-on-favorite Hillary Clinton, whose political machinery is so well …
Of all the wistful superstitions that cluster around the concept of the future in contemporary popular culture, the most enduring has to be the notion that somehow, sooner or later, something will happen to shake the majority out of its complacency and get it to take seriously the crisis of our age. Week after week, I field comments and emails …
Did you know that there is more than $28,000 of debt for every man, woman and child on the entire planet? And since close to 3 billion of those people survive on less than 2 dollars a day, your share of that debt is going to be much larger than that. If we took everything that the global economy produced this year …
“Enclosures have appropriately been called a revolution of the rich against the poor.” Karl Polanyi, The Great Transformation. 1944. (p. 35) Shared access, reliance, use and governance of natural resources is a common form of tenure in the world, North and South, rural and urban. The specific rules and institutions that govern common property are very diverse, developed by communities …
This article was produced by the Institute for Local Self-Reliance, as part of itsCommunity-Scaled Economy Initiative, which produces research and partners with a range of allies to implement public policies that curb economic consolidation and strengthen locally owned enterprise. Here’s a statistic that ought to alarm anyone interested in rebuilding local economies and redirecting the flow of capital away from …
Surging student-loan debt represents a key risk to the economy’s expansion because wage gains are failing to keep up, according to Beth Ann Bovino, U.S. chief economist at Standard & Poor’s. As the attached chart illustrates, the dollar amount of borrowing has increased in each quarter since 2003, when data compiled by the Federal Reserve Bank of New York begins. …
Why in the world has JP Morgan accumulated more than 55 millionounces of physical silver? Since early 2012, JP Morgan’s stockpile has grown from less than 5 millionounces of physical silver to more than 55 million ounces of physical silver. Clearly, someone over at JP Morgan is convinced that physical silver is a great investment. But in recent times, the price of silver has …
I am inspired by the very definition of self-reliance: to be reliant on one’s own capabilities, judgment, or resources. Ultimately, it is the epitome of independence and lays the groundwork of what we are all striving for – to live a life based on our personal principles and beliefs. It is a concept rooted in the groundwork that made America great. Being dependent on our own …
Ever since Milton Friedman’s series of essays on Capitalism and Freedom, conservatives have tried to link democracy and capitalism into essential handmaidens. But as the evidence shows, it’s a reality-busting bundle that only a psychotic could love. Or believe.The fact is, capitalism as practiced in America – far from being democracy’s handmaiden — is anathema to freedom, and ultimately, impoverishing to …
Despite the practical failures of free-market economics, too many mainstream economists have continued to embrace simplistic ideas about how the economy works. Such ideas are often rooted more in ideology than in evidence. These beliefs and the policies that follow led directly to the 2008 financial crisis and the Great Recession. They also centrally contributed to the nation’s subpar performance …
