Tag: interest

The Chicago Plan: Real Economic Reform To Save The Planet

  What is money? Specifically, how is it created?

It’s an amazing thing. We obsess over it. We sacrifice for it. We debase ourselves for it. We spend our lives trying to acquire as much of it as possible, and yet not one in ten people can accurately tell you how it is created. Most people don’t even care how it is created, because getting it is all that matters.

  If an alien landed here they would consider this behavior irrational to the point of insanity. And they would be correct.

Why the rich get richer and poor get poorer

  It’s probably the oldest question in capitalism.

Make no mistake, there are a myriad of reasons why the rich get richer and the poor get poorer, and only a few apply to any one instance. That doesn’t prevent generalization from being made. The defenders of the status quo explain it as thus:

 The rich get richer and the poor get poorer because the rich learn to become stewards of the talents given to them. The poor have squandered their talents and are not given more.

 Clean and simple. The poor are poor because they’ve brought it upon themselves. The rich are just better than you. Case closed. It’s a very convenient philosophy if you’re rich.

 In reality there is only one reason for the growing wealth disparity that applies to practically every instance, and it isn’t because one group is better, or smarter, or more amoral than another group.

 It’s not a hidden secret. Everyone is aware of it, but few understand it as well as they think they do.