Category: critique of economics

  • World economy in a nutshell

    Here’s my current understanding of the genesis of worldwide economic crises, and the underlying mechanisms of our economic system. It emerged from some very interesting discussions with friends. The current economic system relies on “fiat money”, that is, money without (full) Gold backing. Only in the fiat money system, money can be “generated” (by the […]

  • Market, you're damn stupid!

    Regarding my job, I’ve a strong feeling that prohibits me from doing work that deems senseless to me. (It’s not that I don’t need to do such things just for the money, but it’s a torture.) The problem is, now, that mine and the market’s opinions what is meaningful to do deviate widely. It’s easy […]

  • The flash company

    If I’ve learned something from the current financial crisis, then it is that big systems may result in big disasters. So durability in times of crisis needs small, flexible systems with a good degree of autarky. If this is the case, recession should not really harm anybody: in Germany, the GDP may drop in 2009 […]

  • Undestructible economy

    The financial crisis, its concrete and deeper causes The financial markets are currently in an uproar, and independently of if and how these problems will be solved, we should ask what their deeper cause is, and how to protect economy from that. First, regarding the concrete causes, I found the following material to be a […]

  • Where has the rewarding work gone?

    Some thoughts inspired by a friend’s notes on work. I mean work: this thing that makes you weary and sleepy, not just the fun thing where you play with interesting technical stuff all day long. I am currently in the interesting situation that I need only about 5 days a month to work for my […]