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Economics

War for Prosperity

War for Prosperity

Economist Tyler Cowen always has an interesting view on things. He eschews the Austrian, deductive school in favor of a more data-driven approach. But he has sympathies for the heterodox view, and his own politics are described as generally libertarian. He teaches at George Mason University, which ...

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Australia Seizes 360M From Dormant Bank Accounts And All 50 U.S. States Are Doing This Too

Australia Seizes 360M From Dormant Bank Accounts And All 50 U.S. States Are Doing This Too

Do you have a bank account that you don't actively use or a safe deposit box that you have not checked on for a while?  If so, you might want to see if the government has grabbed your money.  This sounds absolutely crazy, but it is true. 

All over the world, governments are ...

Read more: Australia Seizes 360M From Dormant Bank Accounts And All 50 U.S. States Are Doing This Too

Reads: 774

15 Quotes From Our Founding Fathers About Economics, Capitalism And Banking

15 Quotes From Our Founding Fathers About Economics, Capitalism And Banking

Why have we turned our backs on the principles that this nation was founded upon?  Many of those that founded this nation bled and died so that we could experience "life, liberty and the pursuit of happiness".  And yet we have tossed their ideals aside as if they were so much ...

Read more: 15 Quotes From Our Founding Fathers About Economics, Capitalism And Banking

Reads: 478

IMF's Lagarde – Perpetuating Untruths on a Massive Scale?

IMF's Lagarde – Perpetuating Untruths on a Massive Scale?

Do I have to go on my knees?': grovelling apology from IMF head for incorrect warnings on UK economy ... Head of the International Monetary Fund, Christine Lagarde, accepts her organisation's low growth forecasts for the UK economy were wrong ... Christine Lagarde has asked whether she needs to ...

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Reads: 488

End Central Banking, End "Unearned" Wealth Inequality

With all the brouhaha going around regarding income and wealth inequality, the question that is rarely asked is why inequality is something to abhor. As I wrote last November, whether inequality is a bad thing is not the right question – what matters more is your standard of living.

Imagine that ...

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Reads: 527

Equity Benefits From Central Bank Paper Shuffling: The Economy Not So Much

Record rise for stocks before employment report ... U.S. stocks closed at record highs on Thursday, with both the Dow and the S&P 500 advancing further into uncharted territory, after the European Central Bank moved to combat disinflation and investors looked to Friday's employment report. ...

Read more: Equity Benefits From Central Bank Paper Shuffling: The Economy Not So Much

Reads: 520

The Fed Won't Let the Economy Heal

The Fed Won't Let the Economy Heal

Most commentators are of the view that the massive monetary pumping of the Fed during 2008 prevented a major economic disaster. The yearly rate of growth of the Fed’s balance sheet jumped from 3.9 percent in January 2008 to 150.9 percent by December of that year. The federal funds rate target was ...

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Reads: 539

Don't Trust Piketty or Krugman on Inequality Evidence

Don't Trust Piketty or Krugman on Inequality Evidence

At this point most people’s minds are surely made up, on the issue of whether Thomas Piketty is a wonderful scholar versus a con artist. But I still think it’s worth commenting on this debate, because the innocent onlooker would have no idea of what the actual inequality evidence says, from the ...

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Reads: 927

Government Plan Would Transform Israel Into The World’s First Cashless Society

Government Plan Would Transform Israel Into The World’s First Cashless Society

Will Israel be the first cashless society on the entire planet?  A committee chaired by Israeli Prime Minister Benjamin Netanyahu’s chief of staff has come up with a three phase plan to “all but do away with cash transactions in Israel”.  Individuals and businesses would still be ...

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Reads: 1126

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