USA Bank Regulation: Financing The Roaring Twenties

An image of a party scene from the roaring twenties

In a very real sense, the roaring twenties was started by world war I, which started an economic boom for the United States. European nations needed goods and services to fight the war, much of which was supplied by American firms. During the war, the financial center of the world shifted from London to New […]

Foundational economic ideas that are known to be false 2

Economic ideas: An image of True and False written on a blackboard with False selected

Yet these economic ideas are still used as the basis for public policy. This blog post identifies some and clarifies how we know they’re false. This post is also part of a larger extended series of blog posts on banks and banking regulations, the lead post of which can be found via the link earlier […]

Foundational economic ideas that are known to be false

Economic ideas: An image of Sam Altman from Galaxy Quest with the words "Oh! That's not right".

Yet these economic ideas are still used as the basis for public policy. This blog post identifies some and clarifies how we know they’re false. This post is also part of a larger extended series of blog posts on banks and banking regulations, the lead post of which can be found via the link earlier […]

The economic and political development of Finland

Political development: An image of a map showing Finland with the Finnish flag in the lower right
This entry is part 5 of 6 in the series Scandinavian socialism

This post is part of a series where I examine (which really means “read up on”) the economic and political development of the Scandinavian (or Nordic) nations from the end of WW2 to today, and summarize what I’ve learned into these blog posts. Why am I doing this? Because the ongoing debate about “Scandinavian socialism” […]

The economic and political development of Iceland

Political development: An image of a Iceland flag with the ocean behind it
This entry is part 5 of 6 in the series Scandinavian socialism

This post is part of a series where I examine (which really means “read up on”) the economic and political development of the Scandinavian (or Nordic) nations from the end of WW2 to today, and summarize what I’ve learned into these blog posts. Why am I doing this? Because the ongoing debate about “Scandinavian socialism” […]

The economic and political development of Norway

Political development: An image of a Norwegian flag in the foreground with an ocean oil platform in the background
This entry is part 4 of 6 in the series Scandinavian socialism

This post is part of a series where I examine (which really means “read up on”) the economic and political development of the Scandinavian (or Nordic) nations from the end of WW2 to today, and summarize what I’ve learned into these blog posts. Why am I doing this? Because the ongoing debate about “Scandinavian socialism” […]

The economic and political development of Sweden

Political development: An image of the Swedish flag in front of a limestone coloured building
This entry is part 3 of 6 in the series Scandinavian socialism

This post is part of a series where I examine (which really means “read up on”) the economic and political development of the Scandinavian (or Nordic) nations from the end of WW2 to today, and summarize what I’ve learned into a blog post. Why am I doing this? Because the ongoing debate about “Scandinavian socialism” […]

The economic and political development of Denmark

Political development: Picture of Danish flag in front of a number of boats in front of a number of brightly colored row houses
This entry is part 2 of 6 in the series Scandinavian socialism

This post is part of a series where I examine (which really means “read up on”) the economic and political development of the Scandinavian (or Nordic) nations from the end of WW2 to today, and summarize what I’ve learned into a blog post. Why am I doing this? Because the ongoing debate about “Scandinavian socialism” […]

Is Scandinavian socialism really just regulated capitalism?

Scandinavian socialism: Image of the flags of five Scandinavian (Nordic) countries
This entry is part 1 of 6 in the series Scandinavian socialism

I’ve seen many contradictory comments online about “Scandinavian socialism” vs “No, they’re capitalist”. Some feel Scandinavian economies fit modern definitions of socialism, others feel they’re capitalist economies with strong social safety nets, sometimes described as “European welfare states”. I’ve wondered how much people’s preferred ideological rhetoric matches reality. Believing that no meaningful answers are likely […]

Saving capitalism by making it more inclusive, part 8

Saving capitalism: Image of Gillian Tett, Ann McElvoy, and Yanis Varoufakis during an Intelligence Squared debate "Can we fix capitalism?".
This entry is part 8 of 8 in the series Saving Capitalism

This post is part of a series about a discussion (framed as a debate) between Gillian Tett and Yanis Yaroufakis on the subject of saving capitalism. If you found this post via an Internet search, it probably makes sense to start with the first post in the series, the link to which can be found […]