15

There Is No Keynesian Miracle

http://www.forbes.com

Article in Forbes bashes Keynesianism for the fraud that it is: During 2009 there was a lot of smug talk among academic and political liberals of Keynesianism enjoying a triumphant revival. But in the real world of jobs, wages and production--as opposed to the imaginary one of the chattering classes--the evidence shows that John Keynes' notion of being able to spend your way out of recession has not worked this time, if it ever did. It's important to note that ordinary voters are more sharply aware of this idea's failure than are the Western governments that have put their trust in Keynes.

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RottingNation's picture
Created by RottingNation 4 years 15 weeks ago – Made popular 4 years 15 weeks ago
Category: Economics   Tags:
11

National Debt: The Apocalypse Overdraft

http://www.cracked.com

The national debt is currently 13.7 trillion dollars (you can round up to 14 if you ignore that piddling little GDP of Denmark). The American people could work together, movie-montage style, collecting every single physical dollar and cent in existence and they'd still have to go to Vegas*, hit the roulette tables, lay it all on black and win. Four times in a row. That's how you know you're doomed - most people crushed by debt imagine cleaning up at the casino OR having all the money in the world. When you need both, you're buggered.

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Karrde188's picture
Created by Karrde188 4 years 17 weeks ago – Made popular 4 years 17 weeks ago
Category: Money   Tags:
3

Credit Card backed by your gold

http://www.smartmoney.com

In the language of credit cards, “gold” has long been used to describe a certain level of benefits and consumer protections. Many banks issue Gold Visa or MasterCard credit cards, and American Express features a Gold card in its charge-card lineup.
Soon, “gold” will be used to describe a new type of credit card – but in more literal terms. The Gold Bullion credit card promises to be backed up by the value of your own gold bullion coins. Don’t have any? The company marketing the card can buy them for you at market rates.

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Dr. Blunkenstein's picture
Created by Dr. Blunkenstein 4 years 17 weeks ago – Made popular 4 years 17 weeks ago
Category: Commodities / Metals   Tags:
6

Canadian money to become plastic, coins will be steel next year

http://www.digitaljournal.com

On Thursday, Prime Minister Stephen Harper’s minority Conservative government announced in its budget that its paper currency will go plastic by late next year, according to the Globe and Mail. The plastic notes will also contain high security features to ensure that the $10 and $20 bills last longer.

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Dr. Blunkenstein's picture
Created by Dr. Blunkenstein 4 years 18 weeks ago – Made popular 4 years 18 weeks ago
Category: Money   Tags:
14

Old Folks Set Up Medical Marijuana Club In Retirement Community

http://www.tokeofthetown.com

Residents of Laguna Woods Village retirement community have a new club to promote education on medical marijuana.

The Village Cannabis Club was started by Lonnie Painter, who also directs Laguna Woods for Medical Cannabis, a 100-member patient collective centered in the community, reports Claire Webb of The Orange County Register.

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berserker13's picture
Created by berserker13 4 years 18 weeks ago – Made popular 4 years 18 weeks ago
Category: Free Market   Tags:
13

Ron Paul Returns Over $100,000 to Treasury

http://www.house.gov

Congressman Ron Paul has continued to run his Congressional office in a frugal manner, and was able to return more than $100,000 from his allotted office budget to the Treasury this year, an increase over the $90,000 returned last year.

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Fizzul's picture
Created by Fizzul 4 years 19 weeks ago – Made popular 4 years 18 weeks ago
Category: Money   Tags:
3

Billionaire Soros bets big on Gold

http://www.minyanville.com

Billionaire superstar investor George Soros massively invests in gold; mainstream media misquotes Soros describing "Gold bubble"

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d_goddard's picture
Created by d_goddard 4 years 19 weeks ago – Made popular 4 years 19 weeks ago
Category: Commodities / Metals   Tags:
27

Iceland aims to become haven for investigative journalism

http://www.guardian.co.uk

Iceland is aiming to become a global haven for investigative journalism, with the country's parliament expected to vote through legislation protecting sources, guaranteeing freedom of speech and ending libel tourism.

Supporters liken the initiative to the offshore financial havens that corporations use to avoid government tax regimes – only for free speech.

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berserker13's picture
Created by berserker13 4 years 21 weeks ago – Made popular 4 years 21 weeks ago
Category: Free Market   Tags:
10

Bernanke Wants Even More God-Like Powers for the Federal Reserve

http://www.alternet.org

Our financial rulers were so intoxicated with the fumes of their own omnipotence that they failed abjectly as regulators, as public servants and, most certainly, as gods.

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THCPower's picture
Created by THCPower 4 years 24 weeks ago – Made popular 4 years 24 weeks ago
Category: Money   Tags:
5

Put Inflation on the Political Agenda-The Nation

http://www.thenation.com

Note: This article was written by Nicholas von Hoffman for The Nation. This man has a lot of courage: he points out that inflation hurts the poor the most. The rich can purchase hedges against inflation; the poor have no such protection. Even if inflation reduces unemployment, if salaries are worthless the poor are no better off. It is the worst-off of society that suffer from bad economic policy, as usual. He also implies that the Fed was counting on a looming crisis to take care of inflation for them. If this is true, then the Fed may really be as evil as many say it is.

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patientliberty7's picture
Created by patientliberty7 4 years 25 weeks ago – Made popular 4 years 24 weeks ago
Category: Money   Tags:
36

John Stossel Atlas Shrugged Special

http://www.youtube.com

John Stossel on FOX Business does a show on Ayn Rand's book Atlas Shrugged, which was written over 50 years ago, and is a best seller today.

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Jcase's picture
Created by Jcase 4 years 26 weeks ago – Made popular 4 years 26 weeks ago
Category: Free Market   Tags:
34

the US has more government workers than goods-producing work

http://hotair.com

This comes from Business Insider, and it provides a natural follow-up to my post from last week as to why public-sector workers are more optimistic than private-sector employees. For the first time, the US has more government workers than goods-producing workers:

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garrettjreed's picture
Created by garrettjreed 4 years 26 weeks ago – Made popular 4 years 26 weeks ago
Category: Economics   Tags:
9

The Obama administration $75bn program to protect homeowners-FAILED

http://www.nytimes.com

The Obama administration’s $75 billion program to protect homeowners from foreclosure has been widely pronounced a disappointment, and some economists and real estate experts now contend it has done more harm than good.

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getonid's picture
Created by getonid 4 years 27 weeks ago – Made popular 4 years 27 weeks ago
Category: Economics   Tags:
6

Obama's wars PLUS socialism = 3x bigger deficit

http://www.economist.com

"Bad as the deficit was under Mr Bush, it will more than triple this year, from $459 billion in 2008 to $1.845 trillion
[...]
Meanwhile, the long-term fiscal outlook grows ever grimmer. Americans are getting older. The government’s unfunded obligations to give them pensions and health care are equivalent to a debt of $483,000 for every household."

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d_goddard's picture
Created by d_goddard 5 years 4 weeks ago – Made popular 4 years 27 weeks ago
Category: Economics   Tags:
7

Bullion and Bandits: The Improbable Rise and Fall of E-Gold

http://www.wired.com

Florida oncologist Douglas Jackson gave up his medical practice to pursue the crazy dream of creating a digital currency independent of any nation, and backed by gold and silver. Libertarians and computer criminals were thrilled, but the U.S. government was determined to stop him. And it did.

Read more »
johnson's picture
Created by johnson 5 years 4 weeks ago – Made popular 4 years 41 weeks ago
Category: Commodities / Metals   Tags:

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