This may come as a surprise to many bureaucrats in Washington, D.C., but not all Americans want the same exact healthcare plan. In the wake of the Affordable Care Act (aka Obamacare), a growing tide of (mainly religious) Americans have turned to Healthcare Sharing...
The global economy is heading towards a “liquidity trap” that could undermine central banks’ efforts to avoid a future recession according to Mark Carney, governor of the Bank of England. In a wide-ranging interview with the Financial Times (January 8, 2020), the...
Seventy years ago, on January 8, 1950, one of the most famous economists of the 20th century passed away at the age of 66, Joseph A. Schumpeter. During and after his lifetime, he has been identified with two related ideas, the notion of the innovative entrepreneur and...
The Trump administration ran an Obamaesque budget deficit of over $1 trillion in the 2019 calendar year. It was the first budget deficit over $1 trillion in any calendar year since 2012. The budget shortfall from January through December totaled $1.02 trillion,...
One of the lasting legacies of the economic collapse a decade ago is subprime. After lying dormant for several years in the aftermath of the Great Recession, the subprime market has returned with a vengeance. Everything is subprime nowadays, as banks, finance...
With the U.S national debt currently sitting a little above 23 trillion, there is still a lot of debate about how we got here and whether or not this accumulation is sustainable. Most people in Congress responsible for the matter see it as a problem, stating that “we...
Capitalism creates poverty. Capitalism has stolen our future. Capitalism ravages the planet. Capitalism oppresses us. Capitalism needs to be controlled by government or it will throw most of us into poverty and misery and enrich only the well-placed few. These are not...
Click here for Part 5 For the audio version, check out my podcast A Boy Named Pseu where you can download it on all podcast platforms. (read starts at 8:54) Read full piece here. If bitcoin is dead, then it has no value proposition Bitcoin’s mere existence is its...
