classical economics
for analysis,  forecasting
and policy design

About Us

     Hello, and thank you for your interest in the effects of U. S. government policy on Americans and other societies in the world today. My interests involve understanding, applying and explaining principles of classical economics as they relate to public policy and resulting living conditions. Unfortunately, with federal officials almost universally captured by elite influences of the financial sector, nearly every government action and observable current event are most notable, not for their consistency with classical economic principles, but for violation of those principles.
Classical economic principles worked hand-in-glove with increasing political rights of common people to empower the new Middle Class and deliver human society out of the Dark Ages. The 500 years of Dark Ages measured the duration of elitist influence over public policy under a political-economic system historically called "mercantilism." The name originated because the influential circle around the monarch or other head of government gained great personal wealth, usually by obtaining monopolistic charters, licenses or land grants to deal in necessary goods and services. Common people, of course, were kept impoverished.
     Mercantilist interests and influences were present in the American colonies and remained so after the War of Independence. Those influences frequently brought unwarranted hardship to Middle Class Americans even during times of relative progress and prosperity. But never before was the mercantilist assault against the Middle Class more aggressive and severe than in 1929 and the ensuing 15 years.
     Mercantilists did not lose their grip on American government and economic policy after 1945. To the contrary, their discretionary power at the Federal Reserve System increased exponentially in 1971 when they were given authority to manipulate the dollar's value. Since then, they have devalued the dollar 97 percent during a period of unprecedented monetary volatility and instability, which has never been worse than at present.
    I am managing principal of Classical Capital engaged in economic analysis and publishing. I began speaking to chartered financial analyst societies on economic and monetary policy in 2005. In 1999 and 2000, I wrote a  book called  A General Theory of Acquisitivity to explain that Adam Smith's "invisible hand" is actually a natural mechanism designed into each person, which efficiently allocates scarce resources to individuals able to use them most productively.
     Between 2005 and 2011, I researched and wrote the book titled The Fruits of Graft - Great Depressions Then and Now (Launfal Press, Los Angeles: 2011) identifying and explaining the actions which caused the Great Depression. The book then proceeds to trace mercantilist influences in the U. S. through 2010, giving special attention to the Federal Reserve, the Securities & Exchange Commission and the financial events of 2000-2002 and 2007-2010.
     In private law practice in California during 1970-1999, I argued cases in the Supreme Court of the United States, the U. S. Court of Appeals, and the federal and state trial and appellate courts. I have led seminars in supply-side economics for CFA Society of Los Angeles and for Security Analysts of San Francisco, and I speak and write on constitutional, tax reform, monetary policy and financial market issues.
     I hope you will find this website beneficial and, if you do, that you will call it to the attention of others. Doing so will improve our prospects for achieving reforms of U. S. policies so urgently needed.
Wayne Jett