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My economics teacher is a whole sale idiot. We've gotten into several little scuffles over the course of class and I think it's fair to say that there is a mutual hatred between the two of us. I knew I was in for a doozy when on the first day he said that he'd earned his masters in economics...
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I am always suspicious that there is a strong connection between economy and politic. Before slaves are the only way to get things done better. So incentive to support slavery is high. Then industrialization run high and low paid workers can get paid higher. More and more capitalists find it easier to...
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The Best Argument Against the Free Market Anytime someone mentions anything about the free market that isn't immediately followed by "needs to be severely regulated and contained" or "is worse than a casino" or "is completely flawed, without compassion or morals"...it's...
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The US government paying off the national debt by borrowing more money, and/or printing more US bonds and selling them. This is an over simplification, but when these existing US bonds come due, the US government redeems these bonds with US dollars that are raised by selling more freshly printed new...
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Dear bbnet: You have got it right! The US government is selling freshly printed paper US bonds that is being exchanged for our seed corn, instead of gold! Real wealth and real monetary value is created and/or acquired ONLY when the members of a family (or a nation, tribe, city-state, etc.) plant, grow...
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Dear Peter: There is nothing more saddening or devastating than mass unemployment such as existed in countries such as Mexico or Asia in the last century. I have visited Asia several times on Business in the last part of the 20th century. Crime, family abandonment, divorce, selling your own 12 year old...
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Here's a story I just wrote to help explain what the Fed's doing to wreck our economy. Please let me know if it helps. Normal 0 false false false MicrosoftInternetExplorer4 The Three Little Pigs and the Federal Reserve Crisis In their later years, they bought a yacht and sailed the seven seas...
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First of all, I would like to introduce myself. I am a computer programmer from the Netherlands. I am working on a theory of money and banking derived from the "Natural Economic Order" of Silvio Gesell. "Natural Economic Order" clearly states that the root the economic and monetary...
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I have to write a paper for my Econometrics class, and was wondering if anyone on here had good ideas for me. The only real stipulation is that I have to be able to procure government data on whatever I decide to write about. Preferably something with a lot of independent variables....
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I have a question concerning the gold standard that a friend of mine brought to my attention. First a comment. I feel returning to the gold standard is the only true way to restore a sound economy. Having said that, is it realistic to think it could be done with the growing population? Is it feasible...