zero interest rates Archives – Center for the Advancement of the Steady State Economy

The Costs of Compounding: Exploitation and Collapse

January 23, 2025/12 Comments/in Banking, Corporate Reform, Economic Growth, Economic Policy, Inequality, Limits to Growth, Money and Investments, Steady State Economy, Steady State Herald, Wealth /by Alix Underwood

by Koenraad Priels

The global financial system operates like a cancer, metastasizing throughout our economy and society. Its malignant core is a simple yet devastating formula: PL – PR + I, principal loaned – principal repaid + interest = an escalating debt trap that necessitates economic growth. This equation is familiar to anyone who has taken out a loan. It demonstrates the fatal flaw in our financial architecture,

Where Does Inflation Hide?

February 20, 2018/5 Comments/in Banking, Inflation, Monetary Policy, Money and Investments, The Daly News /by Brian Czech

By Herman Daly

The talking heads in the media explain the recent fall in the stock market as follows: A fall in unemployment leads to a tight labor market and the prospect of wage increases; wage increase leads to threat of inflation; which leads the Fed to likely raise interest rates; which would lead to less borrowing, and to less investment in stocks, and consequently to an expected fall in stock prices.

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by Koenraad Priels