Written by The Daily Bell
When debt levels turn cancerous ... Now we know where the tipping point lies. Debt becomes poisonous once it reaches 80pc to 100pc of GDP for governments, 90pc of GDP for companies, and 85pc of GDP for households. From then on, extra debt chokes growth. Stephen Cecchetti and his team at the Bank ...
Written by The Daily Bell
Undermining Bitcoin and the American Justice System
Written by Roger Aronoff
America is quickly running out of time to get its financial house in order. With the debt-ceiling deal passed earlier this month, “we missed a major opportunity... by not cutting more, and by not putting together a plan that actually gets at the root cause of our debt problem, which is ...
Written by Richard Nixon
On August 15, 1971, President Nixonannounced on TV 3 dramatic changes in economic policy. He imposed a wage-price freeze. He ended the Bretton Woods international monetary system. And he imposed a temporary surcharge (tariff) on all imports. The Bretton Woods system was created towards the end ...
Written by Andy Duncan
This is going to be tricky to do from a hillside in Cornwall, with a flaky mobile connection and an iPad with a one-letter-at-a-time keyboard. However, it's pouring down with rain this August morning, so let's examine the real sickness at the heart of British society, which is the ...
Written by Russia Today
40 years ago today former President Nixon was fighting inflation and overwhelming war costs and with that he ended the last remnants of the gold standard. At that time Nixon claimed he was defending the dollar but his critics said it was one of the most damaging decisions in modern economic ...
Written by John T. Flynn
Ludwig Von Mises Institute: The dark realities of the country had sunk deeply into Roosevelt's mind now. There were just a year and six months before a Democratic convention would meet to pick his successor. All that gaudy edifice of recovery of which he was the bemedaled architect was crumbling ...
Written by Anthony Wile
The Daily Bell is pleased to present this exclusive interview with a nine-year-old boy named Jesse.
Introduction: Jesse is a typical young boy who enjoys exploring ideas and concepts. He is an average student, who tends to enjoy recess more than doing classroom work. His teachers often say that ...
Written by Richard Ebeling
In spite of the rhetoric in the media about a national debt crisis having been averted through a rise in the government's debt limit on Tuesday, August 2nd, the fact is the United States remains very much in the midst of a fiscal disaster.