Tag Archives: economics

The Inherent Pluralism of Currency’s Value

Money is a tool for measuring value. It creates an empirical framework, making it possible for individuals who have different hierarchies of values to be able to trade to their mutual benefit. Money creates a baseline which entities with different ends in mind can gauge the fairness of their transaction. For example, suppose you are…

Trump’s Tariffs Are Economically and Politically Disastrous

In an apparent bid to make mercantilism great again, the Trump administration has amped-up its pursuit of protectionist trade measures in recent months, even as others within the president’s own party descry the adverse effects these policies will likely have on the domestic economy. For his part, the president—always a fan of a good superlative—has…

The Rise of Economics as an Element of National Security: Part 2: Not All Forms of Production Are Created Equal

Read Part I: The Inequity Engendered by Protectionism National security, as it has been traditionally understood, defends against war and other forms of destructive treachery posed by hard power. The rise of economic security nominally does the same, though it is the hemorrhaging of money, not blood, which is of concern. Marketplaces become metaphorical battlefields,…

The Rise of Economics as an Element of National Security: Part I: The Inequity Engendered by Protectionism

National security has become the catchall justification for government inserting itself into matters which are beyond the purview given it by the Constitution. The definition of what constitutes a threat has expanded to a point where all manner of things are now regulated under the guise of protecting the people. Security is no longer simply…

Capitalism hasn’t failed, but it is dead

With a sense of moral smugness that imputes Karl Marx’s theory on the stages of history is finally being proven true, opinion from the self-appointed intelligentsia increasingly posits that capitalism has failed, or that America is moving towards a post-capitalist system. Snide insinuations about the supremacy of leftist economic theories which turn the commodification of…

All content protected by copyright. The Politics of Discretion, 2016.