Turkey: Final Version?
Here is the final draft (I believe) of my lecture. First of all, I want to thank all of you who made suggestions and corrections. I very much appreciate that sort of help.
Further suggestions, of course, are welcome.
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General
My Books
25 – The Confiscation of American Prosperity: From Right-Wing Extremism and Economic Ideology to the Next Great Depression
30 – Manufacturing Discontent: The Trap of Individualism in Corporate Society
Class Warfare in the Information Age
Railroading Economics: The Creation of the Free Market Mythology
Steal This Idea: Intellectual Property Rights and the Corporate Confiscation of Creativity
The Invention of Capitalism: Classical Political Economy and the Secret History of Primitive Accumulation
The Perverse Economy: The Impact of Markets on People and the Environment
I want to discuss with Michael Perelman the idea of unused capacity relating to creating fiat money (greenbacks) which suggests that “the empty purse is fullest — because the value of such money depends of the unused capacity of the sovereign creator whose production will be purchased for the money”. Thus, when the new Oakland Bay bridge was planned to be paid for from taxes in boom times is said to be too costly in bad times, the paradox for “empty is full” tells us if you pay for the bridge with fiat money (advanced by the sovereign federal government) there will be more money to pay for it than in boom times.