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Chevan Nanayakkara

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Category: Opportunity Economics

Economics is not a Science

Posted on June 24, 2025June 28, 2025 by Chevan Nanayakkara

Economics claims to be a scientific discipline that discovers universal laws governing human behavior and market dynamics. This claim is demonstrably false.

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How Corporate-Friendly Accounting Rules Create a $30 Trillion Transfer from Consumers into Wealthy Pockets

Posted on June 24, 2025June 24, 2025 by Chevan Nanayakkara

This essay reveals how accounting rules systematically block wealth-building for middle-class families while concentrating profits in wealthy pockets. When businesses depreciate equipment, they get tax benefits, but when your smartphone or car loses value through planned obsolescence, you get no protection—forcing you to spend on replacements that generate corporate profits rather than help you build wealth. The essay exposes this $30 trillion asymmetry, then proposes solutions including a Working Family Depreciation Tax Credit and Right to Repair legislation. Rather than pursuing anti-capitalist ideology while authoritarians reshape America, these practical progressive reforms demonstrate how to build better capitalism that expands wealth-building opportunities across society.

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Your Mainstream Economics Decoder Ring

Posted on June 22, 2025June 22, 2025 by Chevan Nanayakkara

This document is your decoder ring for mainstream economics. It reveals 31 hidden assumptions and claims that economists and politicians use to make helpful policies seem impossible. Once you understand how this coded language works, you’ll never be fooled by economic arguments designed to limit what seems possible.

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Trump’s Iran War Is About Christian Nationalism – Here’s Why Analysts Miss It

Posted on June 19, 2025June 22, 2025 by Chevan Nanayakkara

The Analytical Blind Spot: Missing the Religious Framework Trump is a lifelong liar, manipulator and exploiter. This is well-documented by both his opposition and supporters—there’s no mystery here. Yet analysts, including Jay Kuo, keep writing narratives like: “Trump has repeatedly pitched himself as a peace candidate during his political career,” followed by surprise: “But if…

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Why Progressives Are Accidentally Helping Authoritarians Win

Posted on June 15, 2025June 22, 2025 by Chevan Nanayakkara

The retreat from federal power is exactly what corporate interests want—here’s how to fight back with systems that actually work Cross-posted to Substack What I Really Think About Community Wealth, Social Enterprise, and Wellbeing Economies I think community wealth building, social enterprise, and wellbeing economies represent some of the most important innovations happening in America…

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The U.S. National Debt is Caused by UNDERSPENDING. We Can Pay it Off Anytime, But We Don’t Have To, Because We Have a Soft Money Economy.

Posted on June 14, 2025June 15, 2025 by Chevan Nanayakkara

Everything you think you know about the national debt is probably wrong. Here’s what’s really happening. Today is June 14, 2025, the day when No Kings protests are taking place across the U.S. I thought it would be nice to rework this old post from my blog chevan.info Calling out my own biases: Before I start, let me be…

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Understanding Government Finance in Our Fiat Currency System: A Follow-up on Congressional Spending and the National Debt

Posted on January 8, 2025June 8, 2025 by Chevan Nanayakkara

  Table of Contents Introduction Understanding Our Current Currency System Dollar Pricing in Global Trade Treasury Securities: Managing Banking Reserves Understanding Inflation in a Fiat System Public Money and Private Markets The Purpose of Taxes in a Fiat System Lessons from the Pandemic Response Conclusion References Introduction After publishing my analysis of how Congressional underspending…

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The U.S. National Debt is Created by Congressional UNDERSPENDING

Posted on January 6, 2025January 8, 2025 by Chevan Nanayakkara

Table of Contents Introduction The Birth of Modern Money: From Gold to Fiat Currency The Bretton Woods Era The 1971 Transformation Why This History Matters Conventional Wisdom: Neoclassical Economics and the Persistence of Debt Trap Narratives The Root Cause: Congress Still Budgets Like We’re on the Gold Standard The Real Costs: What Are We Missing…

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Evolution of Economic Ideas: Insights into Major Schools of Thought

Posted on December 23, 2024November 29, 2025 by Chevan Nanayakkara

As I relaunch this blog, I thought it would be both fun and insightful to begin with an exploration of the different schools of economic thought. Economics, as a science and a system for predicting and explaining behavior, has evolved over centuries. Since the 1970s, the United States—and much of the world influenced by its…

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  • About People (2)
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  • Explaining How America’s Fifty-Year-Old System of ‘Socialism for the Wealthy’ WorksMay 25, 2026
  • The Case for Biden: The Best Presidency for Ordinary Americans Since the 1970sApril 5, 2026
  • Good Faith is Democratic InfrastructureMarch 1, 2026
  • Be a Builder.February 22, 2026
  • The Broken Infrastructure of Hope: How Americans Lost Faith in Self-Governance, and How to Rebuild ItFebruary 1, 2026
  • Venezuela Is a Symptom. Neo-Feudalism Is the Disease.January 7, 2026
  • Defending Democratic Capitalism Through Capacity StewardshipJanuary 5, 2026
  • Defending Democratic Capitalism from the Extreme LeftDecember 23, 2025
  • Defending Democratic Capitalism from the Extreme RightDecember 23, 2025
  • Obamacare Succeeded at Health Insurance but Was Always Doomed to Fail at HealthcareDecember 7, 2025
  • Federal Taxes Don’t Fund the Government: We’ve Known This Since 1946December 2, 2025
  • How to Make Economics a ScienceNovember 30, 2025
  • Universal Basic Income (UBI) isn’t the right solution, the U.S. needs Universal Basic Assets (UBA)November 16, 2025
  • Beyond Capitalism vs. SocialismNovember 10, 2025
  • Why Monetary Systems MatterNovember 9, 2025
  • Why Economic Models MatterNovember 8, 2025
  • AdCP Launched Today. In 2 Years, You Won’t Log Into Ad PlatformsOctober 15, 2025
  • What is AI Psychosis? Why Using AI is very Different than a Google SearchSeptember 24, 2025
  • The Irreducible Human Core: 8 Capabilities That Make You More Valuable Than AISeptember 4, 2025
  • Thriving in the AI-Age: How to be a Generative Human using Generative AI as your Cognitive WorkbenchAugust 19, 2025
  • Want to Use AI Better? Identify Your Use Case FirstAugust 11, 2025
  • The AI Slang Dictionary: The 55 Terms Everyone Should Know in August 2025August 1, 2025
  • The Politics of Stakeholder Society: A New Way to Understand Left vs. RightJuly 17, 2025
  • The Parasite’s Dilemma: How AI Destroys the Quality Information Supply Chain It Depends OnJuly 14, 2025
  • The Opportunity Economy Toolkit: What You Need to Unleash America’s PromiseJuly 10, 2025
  • 50 Years of Economic Myths Have Delivered Americans Into TechnofeudalismJuly 3, 2025
  • From SaaS to COGSware: Why the AI cognition economy changes everything about software marginsJune 30, 2025
  • Introducing Opportunity Economics: How to Make Capitalism Work for EveryoneJune 24, 2025
  • Economics is not a ScienceJune 24, 2025
  • How Corporate-Friendly Accounting Rules Create a $30 Trillion Transfer from Consumers into Wealthy PocketsJune 24, 2025
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