We live in the twenty-first century, a time when the world is led by rule-of-law states with politically free societies in which opposing democracy is viewed as indecent; however, our financial system is still based on relict ideological attitudes. Thus, one can hear that professional rent-seekers pay high taxes and have to support low-income do-nothings. … Read more


A modern, developed economy’s main problem consists of trying to answer the question of how to distribute surplus goods while maintaining the reproduction mechanism and maximum employment? Put simply, the question is how to give people an opportunity to buy goods and services so that manufacturers of these goods and services make a profit and keep … Read more

Why Money Matters

Chapter 17 of John Maynard Keynes’s General Theory of Employment, Interest and Money: “Unemployment develops, that is to say, because people want the moon;–men cannot be employed when the object of desire (i.e. money) is something which cannot be produced and the demand for which cannot be readily choked off. There is no remedy but … Read more