douglass carmichael: money

Thu, 15 Apr 2004 22:06:39 GMT

Important if true, rapid growth in total world economy. Part of the problem for the US is where it fits in this flow. Part of the rpoblem for real people is, what is their persoanl economic strategy? This is especially acute if the rise in value flow is at the expense of the environment and the lower part of the incole curve, whether that means 80%, 50% or 20% within countries, and about the same among countries. The article is also short of references, but still important to digest and mull over.

USA > Economy
from the April 16, 2004 edition
Worldwide economy roars ahead
By David R. Francis | Staff writer of The Christian Science Monitor

http://www.csmonitor.com/2004/0416/p01s03-usec.html

Led by bustling business activity in the US and Asia, the global economy has finally begun a strong revival - one that some see turning into a sustainable boom.
Worldwide economic growth could hit 4 percent or higher this year, well above what was forecast just months ago. A key reason: Low interest rates, set by many nations' central banks after America's stock market meltdown rippled around the world in 2000 and 2001, are bearing fruit in consumer demand.

Money reinvention

Sun, 07 Mar 2004 17:17:47 GMT

Worth a browse

http://www.reinventingmoney.com/

A basic site with resources. The way money works is crucial for future changes.

facts about money

Thu, 19 Feb 2004 15:56:21 GMT

also overheard..

First, there is the simple raw evidence of market data. The dollar seems to make new lows against the euro every day; the dollar declined 20% against the euro in 2003. It also reached an eleven-year low against the pound and a ten-year low against the Canadian dollar. These are not isolated examples, but recurring strands of a larger fabric of soft comparisons against foreign currencies. From its peak in 2001, the U.S. dollar index, which charts the currency against a basket of six major foreign currencies, has declined more than 25%.

Another clue is found in the gold market. The yellow metal had a tremendous year in 2003 and now trades north of $410 per ounce - a level not seen in more than eight years - and is up more than 25% from one year ago. Gold is up 60% from its low of $255 per ounce in 1999.

deficit

Wed, 17 Dec 2003 22:18:07 GMT

And here is an important background paper on the deficit, saying it is not so bad.

http://www.cepr.net/Deficit_Scare.htm

taxes

Wed, 17 Dec 2003 22:12:42 GMT

on taxes

Treasury Renews Campaign for Tax-Free Savings Accounts
Jonathan Weisman
Washington Post, December 6, 2003, Page E1

This informative article examines a new proposal being considered by the Bush administration, which would create a new type of tax-sheltered account that would replace traditional individual retirement accounts (IRAs). According to the article, the money in these accounts would be taxed when it is first deposited, but all subsequent accumulations would be tax-free.

It is important to note that if this tax treatment were adopted, as opposed to the tax treatment of traditional IRAs (in which money is taxed when it is withdrawn, but not when deposited), it would be disadvantageous to millions of middle-income households. Many middle-income families face a higher tax rate during their working years than after they are retired; therefore it is beneficial to them to be able to defer their taxes until after retirement. This is not an issue for most upper-income households, who will be in the top tax bracket throughout their whole life.

Mini essay Creative labor

Thu, 09 Oct 2003 17:16:55 GMT

Think of the implications of "creative labor" as it really is in service and software, for example, yet it does not count as capital or capital creating. This is a leverage point for rethinking money.

Overview as of July 18, 2003 Starting new

Sat, 21 Jun 2003 23:06:35 GMT

Old roughcut is at http://dougcarmichael.com/roughtcut.html

There is a gap between about May 1 and July 18, 2003.

The reason: the complexity of events. i needed time to think.

The purpose: to make available, and seek coment on, work in progress, aptly named, Rougcut is what it is: those pieces that can be integtated into the main work. The results are available in the Year 2003 newsletter and these go out by email on a faily regular basis. They are also posted in the Year 2003 category in the left hand navigation.. Progress can also be discerned by looking the categories posted in the navigation.