"This paper discusses parallels between our current recession and the Great Depression for the intelligent general public. It stresses the role of economic models and ideas in public policy and argues that gold-standard mentality still holds sway today. The parallels are greatest in the...

Introduction -- A dual economy -- The FTE sector -- The low-wage sector -- Transition -- Race and gender -- The investment theory of politics -- Preferences of the very rich -- Concepts of government -- Mass incarceration -- Public education -- American cities -- Personal debts -- Conclusions...

Intro -- Contents -- Introduction -- I An American Dual Economy -- 1 A Dual Economy -- 2 The FTE Sector -- 3 The Low-Wage Sector -- 4 Transition -- II Politics in a Dual Economy -- 5 Race and Gender -- 6 The Investment Theory of Politics -- 7 Preferences of the Very Rich -- 8 Concepts of...

This paper presents a narrative of currency crises for the past two centuries. I use the Swan Diagram as a theoretical framework for this narrative and conclude that many so-called banking crises are in fact currency crises. These crises are caused by capital flows in war and peace and typically...