Of Two Minds

Rather than decry austerity, which demands an open political discussion of trade-offs, we should decry inflation’s stealthy reduction of purchasing power.Austerity–bad. Inflation–good. Oh wait–they’re the same thing: both are a reduction in purchasi…

Scapegoating dissenters only hastens the disunity and disarray that accelerates the final collapse.Authoritarianism is imposed on us, but its sibling intolerance is our own doing. Intolerance and authoritarianism are two sides of th…

Pretense and PR are not reality, and believing the Old Normal will magically be restored with sacrifice-free Federal Reserve printing is not an actual strategy.Quick history quiz: who was the second-to-the-last Emperor of the Western Roman Empire?&nbsp…

Reversing from exploited division to creative and healthy solidarity will need to be the mantra and guiding principle going forward if we the people are to take back our economy.Editor’s note: This is a guest post by my friend and colleague Zeus Y…

So what can we do about all this when our politics, regulation and policies are all captured? We go directly to the source of value, which is demand.Editor’s note: This is a guest post by my friend and colleague Zeus Yiamouyiannis, Ph.D., who has …

LENDING is now the sucker’s game.Editor’s note: This is a guest post by my friend and colleague Zeus Yiamouyiannis, Ph.D., who has contributed essays to Of Two Minds since 2009.So this is the program: Devalue or deflate everything owned by the “li…