Tag Archives: interest rates

Why a new recession is quite possible

By Arthur Middleton Hughes The US has been going through a severe recession since 2008. Unemployment by 2011 is at 9.2%. GDP growth is less than 1.5%. Millions of unemployed have stopped looking for work. The picture is bleak. To … Continue reading

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How money supports civilization

Who possesses much silver may be happy; Who possesses much barley may be glad; But he who has nothing at all may sleep. –¬† Sumerian Proverb¬† 2500 B. C. If you were going to pack a suitcase with things you … Continue reading

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The structure of Production

It is an essential feature of our modern “capitalistic” system of production that at any moment a far larger proportion of the available means of production is employed to provide consumer’s goods for some more or less distant future than … Continue reading

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