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Economics

What Individualism is Not

The bottle is now labeled libertarianism. But its content is nothing new; it is what in the nineteenth century, and up to the time of Franklin Roosevelt, was called liberalism — the advocacy of limited government and a free economy. (If you think of it, you will see that there is a redundancy in ...

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Reads: 1453

The Economics Of Marriage

The Economics Of Marriage

The marriage rate in the United States has fallen to the lowest level ever recorded.  So why is this happening?  Well, the truth is that there are a lot of reasons why so many young people are choosing not to get married today.  One big reason is money.  Young adults in the U.S. ...

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Reads: 1530

Will Detroit Be The First Major Chinese City In The United States?

 Will Detroit Be The First Major Chinese City In The United States?

Is Detroit destined to become a Chinese city?  Chinese homebuyers and Chinese businesses are starting to flood into the Motor City, and the governor of Michigan is greatly encouraging this.  In fact, he has formally asked the Obama administration for 50,000 special federal immigration ...

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Reads: 1920

17 Facts To Show To Anyone That Believes That The U.S. Economy Is Just Fine

17 Facts To Show To Anyone That Believes That The U.S. Economy Is Just Fine

No, the economy is most definitely not "recovering".  Despite what you may hear from the politicians and from the mainstream media, the truth is that the U.S. economy is in far worse shape than it was prior to the last recession. 

In fact, we are still pretty much where we were at when ...

Read more: 17 Facts To Show To Anyone That Believes That The U.S. Economy Is Just Fine

Reads: 1798

The Real Unemployment Rate: In 20% Of American Families, EVERYONE Is Unemployed

The Real Unemployment Rate: In 20% Of American Families, EVERYONE Is Unemployed

According to shocking new numbers that were just released by the Bureau of Labor Statistics, 20 percent of American families do not have a single person that is working.  So when someone tries to tell you that the unemployment rate in the United States is about 7 percent, you should just ...

Read more: The Real Unemployment Rate: In 20% Of American Families, EVERYONE Is Unemployed

Reads: 1913

Epidemic Of Hunger: New Report Says 49 Million Americans Are Dealing With Food Insecurity

Epidemic Of Hunger: New Report Says 49 Million Americans Are Dealing With Food Insecurity

If the economy really is "getting better", then why are nearly 50 million Americans dealing with food insecurity?  In 1854, Henry David Thoreau observed that "the mass of men lead lives of quiet desperation".  The same could be said of our time.  In America today, most people are ...

Read more: Epidemic Of Hunger: New Report Says 49 Million Americans Are Dealing With Food Insecurity

Reads: 1861

Steve Landsburg on High Frequency Trading: The Good, the Bad, and the Ugly

Steve Landsburg on High Frequency Trading: The Good, the Bad, and the Ugly

University of Rochester economist Steve Landsburg is an extremely sharp thinker who is always worth reading–even when he’s wrong, as I think he (mostly) is when it comes to so-called “high frequency trading” (HFT). But before I jump into my criticism of his latest post, let me praise a great zinger ...

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Reads: 1830

Analysis of Retirement Reveals the Possibility of Great Socioeconomic Change

Analysis of Retirement Reveals the Possibility of Great Socioeconomic Change

Why even $1M may not be enough for retirement ... You've been saving like a miser to get ready for retirement. You've pinched pennies, kept that last car for what seems like an eternity. And now you've banked a cool $1 million for your retirement years. Think you're set? Well, you very well might ...

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Reads: 1807

When Opinion Becomes Disinformation

When Opinion Becomes Disinformation

When credit is too much of a good thing ... What does credit do after it has finished the job it was designed for? The supply of credit ought to stop at funding productive activity. But the reality is different. Surplus credit fuels dangerous asset price inflation and funds profligate governments. ...

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Reads: 2233

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