Monthly Archives: November 2013

Public Banks in Costa Rica

The US has only one publicly owned bank, the Bank of North Dakota. (No: the Federal Reserve is not publicly owned.) Most of the deposits in Costa Rica are in one of four publicly owned banks. They helped turn Costa … Continue reading

Posted in DWS, Fundamentals, I Didn't Know That, Unhappy Days | Leave a comment

How Money moves around the Banking System

A SIMPLE EXPLANATION OF HOW MONEY MOVES AROUND THE BANKING SYSTEM is a blog post on “Thoughts on the future of finance” by Richard Gendal Brown. It works its way from transfers of funds between two people with accounts at … Continue reading

Posted in Fundamentals, I Didn't Know That | Leave a comment

The Changing Meaning of Money

Nice article on The changing meaning of money. It ties the meaning of money to Maslow’s hierarchy of needs and how people’s relationship to money changes with more money and with maturity.

Posted in Happy Days, I Didn't Know That | Leave a comment

Limiting CEO Pay

There is a referendum in Switzerland on Sunday to limit CEO pay to 12 times the lowest paid employee. This isn’t quite as radical as it sounds, 15 years ago in 1998, the average ratio for blue chip companies was … Continue reading

Posted in Happy Days, I Didn't Know That | Leave a comment

Wealth Redistribution

Gambling is at best a zero sum game. Nothing of lasting value to society or the economy is produced. No wealth is produced, just redistributed. Manufacturing generally produces something of lasting value that can be resold. Services generally improve the … Continue reading

Posted in DWS, Unhappy Days | Leave a comment

Rolling Jubilee

Part of the practice of jubilee every 50 years in the Old Testament (the Hebrew scriptures or Torah) is the forgiving of debts. Occupy Wall Street may have fallen off the front page of the newspaper, but they haven’t gone … Continue reading

Posted in Happy Days, I Didn't Know That | Leave a comment

US Founding Father Favored UBI

Switzerland’s Proposal to Pay People for Being Alive starts from the Swiss proposal for an Unconditional Basic Income (UBI) and adds some history. Thomas Paine, one of the most prolific writers on the independence of the American colonies from England, … Continue reading

Posted in I Didn't Know That, UBI | Leave a comment

Sold to the Highest Bidder

Increasingly Washington feels like government of the people, by the lobbyists, for the 1% or Wall Street. The House recently passed a bill to allow the banks to continue to speculate in derivatives with taxpayers on the hook for big … Continue reading

Posted in Unhappy Days | Leave a comment