Small silhouette of Doug Wolkon WELCOME TO PLURANOMICS, THE ECONOMICS OF MANY.

Cycle

Economic Detox

So what is an Economic Detox? Raw green vegetables consumed through a straw is the food equivalent. Think diarrhea. I know what you are thinking, “yuk”. But as Wall Street has learned the hard way, we have no choice in the matter. Our economy is detoxing whether we like it or not; dropping our excess weight in order to regain our balance; flushing our obese corporate and government costs down the toilet in support of the long-term prosperity of the quicker, lighter, faster and more profitable Mom and Pop entrepreneurs. Continued »

The Only True Currency is Local

The larger the supply of a particular paper currency the more inefficient such trading capital inevitably becomes (i.e. trade regulations, bureaucracy, taxes, big goverment, armed forces, etc.). On the flip side, pure or liquid barter is the most efficient way of trade as the cost of “money” remains current with the actual trade, and debt levels remain linked to real assets (Schumpeter and Walrus describe such debt to asset links in their vision of Economic Equilibrium). As the Euro makes its way into Eastern European countries, those countries local economies will inevitably inflate and get more inefficeint; as rents and wages will increase proportionately as a function of the Euro’s relatively inflated value. Continued »