Tag Archives: debt serfdom

Dear America: Better Read the Fine Print on Your Credit Card Statement

You know those disclosures on your credit card statements? That it will take 27 years to pay off your balance if you only make the minimum payment each month, and so on? You might not be aware of it, but … Continue reading

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It’s Time to Ditch 4 Years of Costly College for Directed Apprenticeships

Short, intense directed apprenticeships that teach students how to learn on their own to mastery are the future of higher education. So it turns out sitting in a chair for four years doesn’t deliver mastery in anything but the acquisition … Continue reading

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2016 Theme #3: The Rise of Independent (non-state) Crypto-Currencies

A number of systemic, structural forces are intersecting in 2016. One is the rise of non-state, non-central-bank-issued crypto-currencies. We all know money is created and distributed by governments and central banks. The reason is simple: control the money and you … Continue reading

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If We Don’t Change the Way Money Is Created and Distributed, We Change Nothing

Many well-intended people want to reform the status quo for all sorts of worthy reasons: to reduce wealth inequality, restore democracy, create good-paying jobs, and so on. All these goals are laudable, but if we don’t change the way money … Continue reading

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Central Banks Have Pushed the Middle Class Down into Neofeudal Serfdom

In traditional feudal systems, serfs were the landless peasantry who worked the land of their feudal lords in exchange for protection. In our present-day neofeudal system, serfdom has a different definition: present-day serfs own little or no productive capital and have … Continue reading

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