Free Talk Live - Economics

North Dakota, socialist haven?

PC Harris — Sun, 31 Mar 2013 14:13:02 +0000

North Dakota is the very definition of a red state. It voted 58 percent to 39 percent for Romney over Obama, and its statehouse and senate have a total of 104 Republicans and only 47 Democrats. The Republican super-majority is so conservative it recently passed the nation’s most severe anti-abortion resolution – a measure that declares a fertilized human egg has the same right to life as a fully formed person. But North Dakota is also red in another sense: it fully supports its state-owned Bank of North Dakota (BND), a socialist relic that exists nowhere else in America.

Tradehill Exchange Adds Dark Pools Of Bitcoin Liquidity - Forbes

roryn3kids — Thu, 28 Mar 2013 23:54:55 +0000

Tradehill is a U.S-based exchange that falls within the definition of FinCEN’s regulations for virtual currency exchange operators. “Bitcoin’s primary use is value transmission and financial technology in the U.S. is a very regulated space,” according to Tradehill COO Ryan Singer. The company has anticipated this regulation and the recent guidance from FinCEN “really helps the startups in the space build a compliance game plan,” he added.

Expensify Now Offers Support For Bitcoin, An Alternative To PayPal

roryn3kids — Wed, 27 Mar 2013 18:39:59 +0000

Expensify has announced it is now supporting Bitcoin to give international contractors an alternative to PayPal and the high fees associated with the service.

Jeff Berwick Announces Opening Of First Bitcoin ATM in Cyprus

roryn3kids — Mon, 25 Mar 2013 11:55:13 +0000

Jeff Berwick, founder of StockHouse.com and CEO of TDV Media, announced Monday his plans to open the world’s first Bitcoin ATM in Cyprus, citing the ongoing bank bailout, bank closures and capital controls now being pushed in that country. According to Berwick, who sold Stockhouse last decade which at the peak of the tech bubble was worth $240 million, Bitcoin ATM has the world’s first software enabling a two-way, automated Bitcoin market.

Embracing Markets, Opposing “Capitalism”

StrayLite — Sat, 26 Jan 2013 04:28:14 +0000

mainstream print and electronic media regularly use “capitalism” to refer to “the economic system we have now.” And it’s relatively common to hear “capitalism” employed as a synonym for “dominance of workplaces and society by capitalists—by the owners of substantial capital assets.” Libertarian principles as I understand them entail support for capitalism in neither of these senses.

The Keynesian thought patten, writ large

Jking8767 — Sat, 08 Dec 2012 16:16:23 +0000

Let’s get one thing straight: America is not facing a fiscal crisis. It is, however, still very much experiencing a job crisis. In fact, of course, it’s just the opposite: The danger is that the deficit will come down too much, too fast. And the reasons that might happen are purely political; we may be about to slash spending and raise taxes not because markets demand it, but because Republicans have been using blackmail as a bargaining strategy, and the president seems ready to call their bluff.

Reality check regarding Hostess bankruptcy

phonon — Mon, 19 Nov 2012 17:06:14 +0000

Hostess has been sold at least three times since the 1980s, racking up debt and shedding profitable assets along the way with each successive merger. The company filed for bankruptcy in 2004, and again in 2011. Little thought was given to the line of products, which, frankly, began to seem a bit dated in the age of the gourmet cupcake.