Einstein, Bees and the National Debt

I have many personal friends who are, for lack of a better word, socialists. They would object to the label, preferring to see themselves as capitalists with one, tiny exception – they believe the state has an obligation to intervene, counter-cyclically, in markets. Obama’s 2008 fiscal intervention was, in their eyes, heroic. The actions of … Read More >>

I Had A Dream…

If you told me a year ago that I’d be putting on my third Off-Broadway show this summer, I wouldn’t have believed you. My engagement with theater prior to starting OFFLINE was minimal. I acted in middle-school, and probably saw more theater in those two years than in the twenty since. So when someone asked … Read More >>

Modern Medicine is Killing our Doctors

In a Quartz article published yesterday, Olivia Goldhill reminds us of a little known fact. That, “many scientific ‘truths’ are, in fact, false.” The article points out that, “at least 51%—and as much as 89%—of published papers are based on studies and experiments showing results that cannot be reproduced.” Some of the sources in this article … Read More >>

A tumor stole every memory I had. This is what happened when it all came back

Six years ago, I was diagnosed with a brain tumor. It was non-cancerous, but operating on it was too risky. Eventually, the tumor grew, and in the first six months of 2013, its symptoms became impossible to ignore. I developed severe dementia and anterograde amnesia, unable to recall events that happened only moments earlier. It … Read More >>

Offline Productions Website Launched!

Dear Friends, I’m so excited to announce that I am putting on my second off-broadway production this fall at Soho Playhouse – 15 Vandam St, in downtown Manhattan. I’ve joined with my friend Alexis Confer (Director), and our newly launched Offline Productions, to put on a modern rendition of Shakespeare’s comedy, Twelfth Night. I’m also … Read More >>

The Art of Monetary Policy: Solvency in the Age of Crisis

Listening to some of the commentary ahead of the FOMC meeting this week, I think it’s important to recognize the constraints that antiquated terminologies and notions of monetary policy, are having on the quality of the conversation. When financial commentators speak about a rate hike, they aren’t talking about your grandmother’s rate hike. The quintupling in size of the … Read More >>

Building an Empathic Culture through our Work

We’ve seen a slight freakout this morning over the “China growth story.” Human beings function as a cancer on the world’s ecology. Our systems of political control demand ever increasing nominal growth in order to satisfy developing economies’ needs to lift a certain amount of people out of poverty every year, as well as the … Read More >>

Alan Greenspan and the Space-Time Continuum of Interest Rates

Three years ago, I interviewed the former Vice Chairman of the Federal Reserve, Alan Blinder, the substance of which, I reference below. Today, Tom Keene interviewed the current Vice Chairman of the Federal Reserve, Stanley Fischer, as well as the former Chairman, Alan Greenspan. I am less interested in Greenspan’s headline making statement, namely, that … Read More >>

Greece: a Proxy War for Neo-Liberals and the Revolutionary Left

The crisis in Greece has developed into a proxy war between camps of unimaginative conservatives and uninspired progressives. It exists as a humdrum landscape of filtered noise in the public mind. A battle between the institutionally entrenched neoliberal nobility and the ivory tower neo-chartalist, armchair revolutionary. The debt issue is undoubtedly a structural impediment to … Read More >>

Trump is the Remainder of America’s Unbalanced Social Equation

“Your life is the sum of a remainder of an unbalanced equation inherent to the programming of the matrix. You are the eventuality of an anomaly, which despite my sincerest efforts I have been unable to eliminate from what is otherwise a harmony of mathematical precision.” – The Architect, The Matrix Reloaded Unlike the system … Read More >>

The Monetary Value of the Human Being is Approaching the Zero-Bound

Those of you who know your post-war European history don’t need to be reminded that the European Union, in its first iteration, was called the European Coal and Steel Community (ECSC). Never were European politics divorced from the economics of the continent. Both were servants to the same masters: War & Peace. The European Union … Read More >>

My Thoughts on Martine Rothblatt’s Interview

These conversations around “mind files” and exporting consciousness to the cloud are remarkably incomplete in their analysis. I’m not suggesting that we cannot build conscious machines, but the idea that we can digitize consciousness and capture the essence of who we are and then upload that onto a networked server without a debate about what … Read More >>

Demetri Kofinas Interviews FMR Federal Reserve Vice Chairman Alan Blinder

I had a chance to interview former Federal Reserve Vice Chairman Alan Blinder, on Capital Account last week. I started off this interview with some questions about the Greenspan administration, which you don’t actually see in this episode. Rather, this interview starts with a video that I play for the former Vice Chairman of himself … Read More >>

Bankers to be Crucified upon a Cross of Gold

For those at all familiar with the populist movements of the late 1800’s and the calls for “free silver,” you may find this metaphor most interesting. Of course, I am referring most specifically to that famous “cross of gold” speech delivered by William Jennings Bryan at the 1896 Democratic National Convention in Chicago, in which … Read More >>

The Road has its own Story, but we can Handle the Hills

Around this time last year my grandmother had gotten very sick…very suddenly. I was living in new york at the time, and it was not easy for me to come visit her. It was not the first time that she had fallen ill in her later years, so it was easy for me to believe … Read More >>

The Bear Caught in the Liquidity Trap – “Why it’s a bear Market of Course!”

Nobody should be puzzled as to whether a market is a bull or a bear market after it fairly starts. The trend is evident to a man who has an open mind and reasonably clear sight, for it is never wise for a speculator to fit his facts to his theories. Such a man will, … Read More >>

Will Europe make it to 2012 in one piece?

It has been two months since the last major riots in the Greek capital of Athens literally ripped the city apart. It was late June, and the government was voting on a late round of austerity and forced privatization measures that it needed to pass in order to qualify for the release of the next 12 … Read More >>

Does the Fed really want banks to lend?

With the Fed yet to announce a new round of quantitative easing, some economists are starting to offer their own opinion about what else the central bank can do to introduce more money into the American economy and spur growth. One of the proposals I have heard is for the Fed to eliminate its policy, … Read More >>

Demetri Kofinas Interviews Yanis Varoufakis on Integration vs. Grexit

Sound Money Interview of Yanis Varoufakis (08-22-11) This is a Sound Money Interview from my show “Covering the Spread,” on 91.5FM WNYE (broadcasting across NY, NJ, CT, and PA). My guest for this show is economist Yanis Varoufakis. After studying and working abroad for close to 25 years, Dr. Varoufakis returned to Greece to teach … Read More >>

Demetri Kofinas Interviewed about the Effects of a Greek Default, Live from Syntagma Square

This was the last of 4 interviews that I did today. It was an interview with an anchor on RT America, who asked me, among other things, what the effect of a Greek default would be. For those wondering why I seem a bit calmer and more sedated, it is probably because all the tear … Read More >>

Waiting for Something to Explode

What I am about to say may not be news to the people who have been living in Athens over the past year, but for me, having been gone for the past 9 months, the atmosphere in the city still feels somewhat surreal. Although there are still people who spend money in Athens, most of … Read More >>

The Mood in Constitution Square and the Lead-up to June 15th

I have not been very diligent about publishing on this blog as of late. The reason has had much to do with my recent return to Athens. I had planned this trip months in advance. A good friend of mine is getting married, so naturally, I wanted to be here to wish him well. Fortunately … Read More >>

My Interview of Desmond Lachman on the Crisis in Europe the Future of the Euro

Sound Money Interview of Desmond Lachman This is a Sound Money Interview from my show “Covering the Spread,” on 91.5FM WNYE (broadcasting across NY, NJ, CT, and PA). My guest for this show is Desmond Lachman. Dr. Lachman is a resident fellow of the American Enterprise Institute and writes extensively on issues surrounding the global … Read More >>

Why the Fed is Committed to Inflation

Some will recall the speech that then NY Fed Governor, Ben Bernanke, gave in late 2002 honoring, Milton Friedman, in which he famously apologized to the great monetarist for what he saw as the Federal Reserve’s failure to prevent the Great Depression: “Let me end my talk by abusing slightly my status as an official … Read More >>