This week at the Huffington Post columnist Tom Mullen published a piece titled, “How the Fed Steals for the 1%.”Read more »
determination to ‘move beyond anger to creativity’ is driving a strong barter economy in some placesRead more »
Rand Paul might be better than I give him credit forRead more »
Moody's Investors Service considers Greece to have defaulted per its default definitions. The announcement comes despite Athens reaching a deal with private creditors for a bond exchange that will shave €107 billion from its €350 billion debt. The agency pointed out that even though 85.8% of the holders of Greek-law bonds had signed to the deal, the exercise of collective action clauses that Athens is applying to its bonds will force the remaining bondholders to participate.Read more »
The Federal Reserve must bear responsibility for our current recession. The seeds for this recession were planted in 1995 and led to unsustainable booms and busts. Then to high unemployment, increased consumer prices, failed companies and increased debt.Read more »
Sean Rosenthal dismantles Keynesian economist Paul Krugman's ridiculous comments regarding the British 'austerity' measures.Read more »
The Wyoming House advanced a bill to discuss what they would do in the case of a complete economic or political collapse in the US. Some call it crazy, I call it being prepared...Read more »
Now that Apple has announced that an outside organization, the Fair Labor Association, will audit the working conditions at most of the plants that build Apple products, will the growing protests over the exploitative practices at those plants start to die down?Read more »
The price of gold shot up yesterday. Reports said investors were betting on another round of “quantitative easing,” a.k.a. money printing. But are gold buyers making a big mistake? Is history repeating itself? The New York Times suggests it is:As it was in 1980, could it be again in 2012? The 1980 presidential election was fought by a Democratic incumbent weakened by a poor economy amid worries that the United States had lost its ability to compete in the world. No, history is not repeating itself. The NYT is wrong…about everything. Well, almost everything.Read more »
Most Occupy activists are big fans of WikiLeaks and Anonymous. Pirates like Kim Dotcom are heroes to them. But Kim Dotcom made $42 million last year from MegaUpload, easily within the top 1%. I think it’s time these activists began to engage in more nuanced thinking when it comes to politics and economics.Read more »
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