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

Inflation

Imagine New Jobs

Posted by Doug Wolkon on January 24, 2008 at 1:17 am

I agree that the Fed is walking right into the markets hands. The Fed rate cut does not have a prayer. Greenspan took all the inflation fighting juice out of the economy in the 90’s while igniting the momentum of debt. In any case, we are all in trouble. Continued »

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Educated Inflation

Posted by Doug Wolkon on December 20, 2007 at 8:36 pm

With Sallie Mae in trouble, does that mean that less student loans at low interest rates may be available in the future? After all, they are the largest student lenders with $127 billion of debt outstanding (according to Wiki). Or can we expect the Wizard of Oz to step in and fix the lending rate since the loans are “federally guaranteed”. Continued »

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Energy Debt vs. Energy Equity

Posted by Doug Wolkon on September 23, 2007 at 1:06 am

Non-Renewable Energy creates a Debt-Based Economy

  • We are currently leveraging our land value with non-renewable or “borrowed” energy debt.
  • Non-renewable energy owns the 1st Mortgage Debt on our Land.
  • When energy debt costs grow, our land’s 1st mortgage grows.
  • Such increases in costs are inflationary. Continued »
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The Evolution of Capitalism

Posted by Doug Wolkon on June 4, 2007 at 7:15 pm

Land, Time and Value

  • Land is the original source of Value.
  • Land is productive but scarce.
  • Its scarce production value can only be enhanced through human innovation.
  • Human Innovation increases with increases in Labor Time.
  • Originally, the only Production Cost of Land Value was Labor Time.
  • Land Value was originally realized from the essential production of food (hunger), clothing (protection) and shelter (protection).
  • Labor Time Costs were paid in food, clothing and shelter.
  • Labor Time Costs were stable upon sufficient production of food, clothing and shelter.
  • Further developing our Land; our Labor Time produced Extra Land Value or Capital Stock Profits.
  • Capital stock profit was originally the accumulation of Extra Land Value.
  • Extra Land Value was originally paid in Labor Free Time and/or other Luxuries.
  • However, when Land was appropriated to private landlords, our Extra Land Value paid and afforded a Land Rent.

Continued »

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