The prevailing theory of banking for the past century holds that banks function as intermediaries, collecting deposits from depositors and lending them out for interest. This view is maintained, with minor differences, by all neo-classical schools of economic thought regardless of ideological bent. Austrians, Monetarists, and Neo-Keynesian economists alike operate…

So-called “fiscal responsibility” is one of the most enduring sacred cows of American politics. Politicians across the spectrum work hard to protect their image as sound fiscal stewards. Republicans have tried (and failed) to pass several balanced budget resolutions to ensure the Federal Government’s revenues match or exceed its expenditures…

Despite much Leftist indignation since Fukuyama declared the “End of History” 30 years ago, all current evidence suggests that History may, in fact, have run its course. The grip of neoliberalism today is substantially firmer than it was at the fall of the Soviet Union. Corporate capture of both the…

Charlie Silva, CPA

Corporate accountant and former auditor with degrees in philosophy and accounting.

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