The BS of the Fed – Where the Magic Happens

(updated 8/19/2020 3:30am PT) How can we Structure the Financial System to be Compatible with a Shared Ownership Economy? (Part 4) The balance sheet of the Fed will give you clues as to the health of the economy and of society as a whole. In the prior post I mentioned the Great Decoupling – theContinue reading “The BS of the Fed – Where the Magic Happens”

The Fed’s Superpowers

(updated 8/18/2020 9:40am PT) How can we Structure the Financial System to be Compatible with a Shared Ownership Economy? (Part 3) Part Three – The Fed’s Superpowers The Federal Reserve is an interesting beast. It is the key player of the money and banking system – it can issue the national currency, it facilitates theContinue reading “The Fed’s Superpowers”

When creating something new – can we actually imagine new rules?

I shared last week about my family’s ways of being around money – giving circles and communal economics. What I didn’t share about is their relationship to power. I would describe my parents as having a “keep your head down” attitude; the image that has always stayed in my head is a high school footballContinue reading “When creating something new – can we actually imagine new rules?”

Breaking the Money Taboo

(updated 8/14/2020 9:40pm PT) How can we Structure the Financial System to be Compatible with a Shared Ownership Economy? (Part 2) For Part One of this essay please see What Does Finance do for Society? Part Two – Money and Banking Let’s start with money and banking. Here is the web page I developed onContinue reading “Breaking the Money Taboo”

What does finance do for society?

How can we Structure the Financial System to be Compatible with a Shared Ownership Economy? (part 1) The most compelling topic for me is at this point is what would a financial system compatible with democratic values and ecosystem and social health look like and how do we bring about such transformation? Clearly, articulating theContinue reading “What does finance do for society?”

My Early Experience of the Gift Economy

I grew up in a small midwestern town, the oldest of four children. When I was ten, my dad lost his job. He wasn’t able to get back to work (beyond some random day-time construction jobs) for three years. During that time, my family struggled financially to make ends meet. I was old enough toContinue reading “My Early Experience of the Gift Economy”