{"id":19567,"date":"2016-04-06T10:38:17","date_gmt":"2016-04-06T15:38:17","guid":{"rendered":"http:\/\/olduvai.ca\/?p=19567"},"modified":"2016-04-06T10:38:17","modified_gmt":"2016-04-06T15:38:17","slug":"rotten-to-the-core","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=19567","title":{"rendered":"Rotten to the Core"},"content":{"rendered":"
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Rotten to the Core\u00a0<\/a><\/h3>\n<\/div>\n
Poison Money<\/strong><\/div>\n
\n

BALTIMORE \u2013 We live in a world of sin and sorrow, infected by a fraudulent democracy, Facebook, and a corrupt money system. Wheezing, weak, and weary from the exertion of trying to appear \u201cnormal,\u201d the economy staggers on.<\/p>\n

\"David-Simonds-zombie-high-011\"Staggering on\u2026. \u00a0 \u00a0\u00a0Image credit: David Sidmond<\/p>\n

Last week, we gained some insight into the ailment. Something in the diagnosis has puzzled us for years: How is it possible for the most advanced economy in the history of the world to make such a mess of its most basic bodily functions \u2013 getting and spending?<\/p>\n

By our calculations \u2013 backed by studies, hunches, and deep research \u2013 the typical American man (it is less true for women) earns less in real, disposable income per hour today than he did 30 years ago.<\/p>\n

He goes to buy a car or a house, and he finds he must work longer to pay the bill than he would have in the last years of the Reagan administration. How is that possible? What kind of economic quackery do you need to stop capitalism from increasing the value of workers\u2019 time?<\/p>\n

What kind of policies and circumstances are required to stiffen its joints\u2026 clog up its innards\u2026 and rot its brain? Globalization? Financialization? Bad trade deals? Too much red tape? Too many cronies? Too many zombies?<\/p>\n

\"nonsequitor_cartoon_comic_first-economist\"We can identify at least one source of the quackery\u2026<\/p>\n

All of those things played a role. But our answer is simpler: poison money. The bigger the dose\u2026 the sicker it got. When you say you \u201chave some money,\u201d you usually believe that there is, somewhere, an electronic database in which it is recorded that you are the owner of some amount of currency.<\/p>\n

You have $100,000 in your account, right? \u00a0 Does it mean that there is a little cubbyhole somewhere, with your name on it, in which you will find a stack of 1,000 Ben Franklins? Nope. Not even close. No cubbyhole. No stack of money. No nothing.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Rotten to the Core\u00a0 Poison Money BALTIMORE \u2013 We live in a world of sin and sorrow, infected by a fraudulent democracy, Facebook, and a corrupt money system. Wheezing, weak, and weary from the exertion of trying to appear \u201cnormal,\u201d the economy staggers on. Staggering on\u2026. \u00a0 \u00a0\u00a0Image credit: David Sidmond Last week, we gained […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[5728,6190,13304,1573,370,536,765,805,868],"class_list":["post-19567","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-acting-man","tag-bill-bonner","tag-economic-quackery","tag-financialization","tag-globalization","tag-money","tag-surveillance","tag-trade","tag-wealth"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19567"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19567\/revisions"}],"predecessor-version":[{"id":19568,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19567\/revisions\/19568"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}