PERPETUAL GROWTH IS IMPOSSIBLE: We’ve all heard the story of the clever merchant who asked the King to pay him with grains of wheat placed on a chessboard. On the first square he was to receive one grain; on the second, two grains; on the third, four grains — doubling with every square up [...]
LOCAL CURRENCIES: Some communities are partially opting out of the debt-money system that is ruling us, failing us, and taking our wealth. They issue their own currency and back it with goods and services produced locally.
The local-currency movement displays a fascinating set of trends: away from globalization, away from corporate control, away from [...]
BANKRUPTING THE COUNTRY?: Many economists these days are expressing fears that the “stimulus” program and spending sprees of the regime in Washington could lead to severe inflation, “bankrupting the country.” They make a good case, but it’s a little confusing when they refer to bankrupting the country when really they’re referring to bankrupting the [...]