Systems Thinking helps people understand more clearly the complexity of markets. You will probably hear me make several references to “systems thinking” in the process of explaining free markets. I thought that this post would be a good way to introduce systems thinking and its relevance to economics and free markets. To start off, I want to offer … Continue reading Systems Thinking in Economics
Month: January 2019
Disrupting the Money Cycle
Artificial changes in the money supply always disrupt the money cycle and cause price disruptions that lead to production problems in otherwise normally functioning markets. Introduction The complexity of large markets makes the diagramming of market processes difficult at best. One must take great care in not overstepping the bounds of logic and systems thinking. … Continue reading Disrupting the Money Cycle
The Dangers of Modern Monetary Theory
At the core of Modern Monetary Theory (MMT) lies the implicit premise that the acquisition of money represents an end of itself. MMT bases its argument on what some people refer to as a "missing premise." They present a proposition that contains an unstated premise that they assume everyone accepts. Give people more money, created … Continue reading The Dangers of Modern Monetary Theory