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News and Society:Economics Articles from

Published: Wed, 25 Apr 2018 16:28:19 -0500


4 Basic Options For America's Economy/Budget

Wed, 25 Apr 2018 06:58:19 -0500

The United States of America, was created, based on certain principles, of freedom, and liberty, rights and obligations. Far too often, we have witnessed, elected officials, especially when they are running for office, resort to making empty promises, and using an excessive amount of rhetoric, often, focused on blaming and complaining, rather than viable solutions! An analysis of promises made by politicians, indicates very few, come to fruition!

Exposed The Worst Of Times

Tue, 24 Apr 2018 22:34:40 -0500

Are these the best of times, or are they the worst of times? Depending on one's individual circumstance, it just could very well be the worst of times. And for far too many, it actually is.

Adam Smith's Wealth of Nations

Thu, 19 Apr 2018 07:20:05 -0500

The Wealth of Nations is actually a continuation of the philosophical design started in The Theory of Moral Sentiments. The best issue to which Smith addresses himself is the way the internal battle among the passions as well as the "impartial spectator" - explicated in Moral Sentiments in phrases of the single individual - works the consequences which can be found in the bigger area of history itself, both in the long run evolution of modern society and in terms of the quick attributes of the point of history normal of Smith's very own day.

We The People Are Being Brainwashed

Thu, 12 Apr 2018 14:30:10 -0500

We the people! How many times have we heard this phrase? Yet, our Democracy is anything but.

How Trump's Trade War Will Hurt You

Wed, 11 Apr 2018 11:12:13 -0500

Trump followed through on one of his campaign promises by starting a trade war with our trading partners to help reduce our enormous trade deficits. The first shots fired in this war are tariffs on steel and aluminum imports in an attempt to help American steel and aluminum producers. As with most wars, this one will have unintended consequences that will actually hurt the people it's intended to help and make the problem worse.

The Business Model and Today's Economy - A Warning to Universities and Investors

Tue, 10 Apr 2018 10:11:13 -0500

A warning to university administrators as they plan next year's budget: there is a financial storm coming that will result in lower state support next year. Investors should also take heed as this will also affect corporate profits and prices.

Why Deficits Matter: 5 Examples

Wed, 04 Apr 2018 07:14:16 -0500

For many reasons, our public officials, and politicians, focus on responsibly budgeting, not, based on doing what's necessarily, best for the United States, but, often, more on politics, and some political decision, agenda, and/ or self - interest. However, the reality is, whether one considers himself, to be, a progressive/ liberal, moderate, or conservative, the size of (or, even having one) the federal deficit, truly does matter, and count! We have often, observed, in the past few years, many members of today's majority poltical party, profoundly oppose deficits, when they were in, the minority, but, based on their nearly, universal...

A Population Denied

Mon, 26 Mar 2018 07:33:43 -0500

As with all things seasons come and go and we all get old. Some age with dignity and grace while others succumb to illness or injury. It is these poor souls who suffer a more debilitating fate.

Mr Trump, Keep Your Campaign Promises If You Expect to Be Re-Elected

Fri, 23 Mar 2018 11:30:11 -0500

If an American President is elected based upon his, or her, promises to do certain accomplishable things if elected, that person will end-up being a one-term president if he, or she, doesn't fulfill those promises. Take President George H. Bush, for instance. He said to the American people who elected him, "Read my lips, there will be no new taxes, or a tax increase." Bush represented boldly that he was going to ensure that no new taxes, or a tax increase, would occur during his administration. Yet, new taxes were imposed on the people, and Bush was not reelected. If Donald Trump signs the 1.3 trillion dollar spending bill passed by Congress in March 2018, two things are definitely going to happen. The Democrats are going to win the House and the Senate during the 2018 mid-term elections, and Donald J. Trump will not get reelected in 2021.

Artificial Intelligence and the Economy in the 21st Century

Fri, 23 Mar 2018 07:24:00 -0500

Artificial intelligence is a driving business force in this fast changing 21st century. AI is no longer an implausible futuristic vision, but a stark reality that is disrupting businesses worldwide. In the 21st century, companies are forced to rethink traditional market approaches and become more service - centric in order to remain relevant.

Economic Growth Versus the Steady State in the 21st Century

Thu, 22 Mar 2018 07:11:18 -0500

A steady economy is an economy consisting of a constant stock of physical wealth and a constant population size. In effect, such an economy does not grow. The term typically refer to the national economy of a particular country, but it is also applicable to the economic system of a city, a region or the entire world.

Management Without Control

Thu, 22 Mar 2018 07:07:58 -0500

The effective functioning of organizations is possible only on the condition when their objectives are achieved. In this respect, organizations need to have a clear strategic plan and goals they need to achieve since they indicate the direction in which organizations should progress and develop. However, the achievement of organizational objectives can encounter numerous obstacles because the contemporary business environment is constantly changing and organizations can face new challenges which they have not expected to encounter when they developed their strategic plans.

The Crash

Thu, 15 Mar 2018 14:57:55 -0500

Through-out this past year there has been a certain amount of speculation that World War III is eminent. When the general public thinks of war we conjure up images of horrific bloodshed and even nuclear weapons being dropped. But, there is a more insidious weapon that is actually poised to devastate economies all across the globe.

Time to De-Reserve Our Society

Wed, 14 Mar 2018 11:16:41 -0500

Reservation is an indictment of our system. Indian society needs to rise above this and look beyond caste and gender.

Trump's Deception

Tue, 13 Mar 2018 07:08:25 -0500

It is becoming more apparent today that if a person is poor or becomes so impoverished you are more than likely doomed to a life of misery and desolation. No longer are their avenues of opportunity awaiting behind every door. Even with college degrees in today's society graduates are no longer guaranteed to land living wage jobs in their field of study.

Economic Recession in Nigeria

Mon, 12 Mar 2018 11:03:18 -0500

The state of the Nigerian economy was a diverse economy that used to be the pride of Africa. It was flowing with natural minerals such as gold, tin, bitumen, coal, natural gas and salt as well as agricultural produce ranging from our local cassava to the grown-for-sale cocoa and rubber trees. The discovery of oil in the late sixties brought about an economic boom like no other. But now, we are being eaten by a virus known as economic recession. What is the cure for this infection?

What Exactly Is a Social Impact Bond?

Fri, 09 Mar 2018 11:06:22 -0600

Many health and human service organizations struggle due to lack of funding. So despite the fact they do quality work, they are unable to provide the full potential value of their work. Read about a financial solution to this problem. Read this write-up, which includes financial models and examples, to learn more.

Crisis Point

Thu, 01 Mar 2018 20:44:53 -0600

Thinking back to the financial crisis of 2008, one would think that another such economic catastrophe would somehow elude us. It was just ten years ago that the United States plunged the world into the worst financial disaster since the Great Depression. Yet here we are, a decade later, no wiser and even more foolish.

Handy's Four Types of Organizational Culture

Mon, 26 Feb 2018 07:30:18 -0600

The 4 kinds of organizational culture popularised by Charles Handy are as follows: 1. Power Culture 2. Role Culture 3. Task Culture 4. Person/Support Culture.

The Wheels Of Injustice

Fri, 23 Feb 2018 14:31:37 -0600

As the wheels of justice grind to a halt by the powers that be our society is fast approaching a breaking point. A breaking point from which there is really no return. With more children with guns and the wiliness to carry out horrific acts of violence has put our way of life in grave jeopardy.

Washington Is Creating a Perfect Economic Storm

Fri, 16 Feb 2018 08:28:01 -0600

I grew up in a conservative political household. My parents met as members of an early '60s organization called Young Americans for Freedom. They went on to have careers in politics and government service.

One Pound Houses

Fri, 16 Feb 2018 07:06:46 -0600

The cheapest street in Britain. On Wednesday I watched a documentary on Liverpool's housing scheme - the opportunity to purchase a dilapidated house for a pound and do it up. That sounds like a fabulous idea for those struggling to get on the housing ladder, and several families had accepted the offer and were eagerly renovating their properties.

Scapegoat And History

Thu, 15 Feb 2018 07:05:19 -0600

Through-out history leaders have always tried to put blame on others for their rationale. Whether their ventures were successful or not the decisions they made affected so many others in ways that seem almost incomprehensible. History is full of incidents where people of authority take great pains to put blame on certain individuals who no fault of their own did what was required of them.

Causes of Brexit

Wed, 14 Feb 2018 07:01:41 -0600

Britain's past differs from that of its European neighbours. Its role as an unconquered island nation, a long tradition of parliamentary democracy and an ingrained good sense that ultimately it is able to be looking after itself, represents it out from some other European nations. It was not that sympathetic to the European ideal.

That Sinking Feeling

Tue, 13 Feb 2018 14:35:37 -0600

As the winter Olympics take center stage without too much fanfare the Trump Administration is poised to unleash a budget filled with draconian cuts in just about every safety net there is. These safety nets have had significant success in keeping millions of Americans from falling through the cracks of an already unbalanced society. Yet, we have Trump and the rest of the Republicans incapable of hearing the cries of the impoverished multitudes that continue to languish in desperation hoping for better times ahead.

Watershed Year

Thu, 08 Feb 2018 15:08:35 -0600

As with the coming of spring there should be renewed hope that all things blossom by the warmth of the sun. Yet, the clouds of uncertainty hang heavily overhead. We find ourselves being led by a Banana Republic want-a-be dictator.

176 Changes Since Donald Trump Took Office

Mon, 29 Jan 2018 15:18:54 -0600

What has the President of America actually done since his first year is over? Where will he go from here? Will the economy finally bust loose? What will happen to the EPA and Planned Parenthood? Will they find the 500 billion missing from HUD? How will the swamp things be reigned in? Will there be a national ID?

Norbert Haering and Greek Economy

Tue, 23 Jan 2018 13:55:42 -0600

Norbert Haring is an economist and journalist. Since 2002 he has reported on finance and economics for the German business newspaper Handelsblatt. He is a co-founder and co-director of the World Economics Association (12,000 economists as members worldwide) and co-editor of the journal World Economic Review, both of which aim to promote a pluralistic approach to economic research. In 2014 he was awarded the Keynes Prize for Economic Writing for his contributions to Handelsblatt. Norbert Haring

A Nation So Divided

Wed, 17 Jan 2018 07:34:24 -0600

As the United States descends further into a state from which there is no return with the damage done by the Republicans and the Trump Administration we are left questioning can America be saved? For the past forty years or so the trajectory this nation has been headed is far away from the hopes and dreams of millions of Americans. For years the United States has been led by the steady hands of oligarchy rule.

Here's Why You Are Inadvertently a Huge Trump Supporter

Tue, 09 Jan 2018 14:53:18 -0600

While the US economy appears to be booming, most people disapprove of President elect Donald Trump. This disapproval is happening in the face of record highs in the stock market and increased revenues for the media. This article highlights the paradoxical relationship the general public has with President Trump and how the booming economy has become dependent on the public's high disapproval rating.

Entrepreneurship and Innovation: The Inconvenient Truth

Tue, 09 Jan 2018 09:55:43 -0600

Information article for entrepreneurs "Entrepreneurship and innovation: The popular belief". Entrepreneurs are widely believed to be the agents behind economic growth and innovation. They are, we are told, the movers and shakers who create new industries, unseat current leaders from their thrones, and open new frontiers for everyone.

'Merry Crisis & Happy New Fear' for Indians in 2017

Wed, 03 Jan 2018 08:48:12 -0600

The year 2017 is going to witness the negative impact of demonetization. An analysis of what is in store for the economy.

Crisis Education

Thu, 30 Nov 2017 15:01:01 -0600

For some time now our educational system has been awash in too much controversy. Having the current Educational Secretary heading the Department of Education has not done much to improve the nations overall prospects that our children will achieve a higher degree of an educational experience that will prepare them for the jobs of today and tomorrow. The reality facing too many parents is not whether to send our children to charter, or private schools but to face the fact that public schools have been on the decline for many years now.

The Venezuelan Government Blames Everyone But Themselves For Their Economic Implosion

Sun, 26 Nov 2017 09:12:34 -0600

Not long ago I was at our local Starbucks discussing US Politics and the Democratic Party, specifically the word "Progressive" as a label for someone who was a Democrat Voter. I noted that this word was all wrong, merely because today the Democratic Party in the US is very pro-Socialism, and since Socialism doesn't work, it would be 'regressive' and not 'progressive'. My acquaintance said; "Yes, isn't that some wonderful branding," and added, "How can you fault someone's political beliefs if you start with the premise that they are for progress?"

The Curse of the Federal Reserve and the Federal Debt Explained and Delineated: Part I

Fri, 10 Nov 2017 15:05:58 -0600

An explanation for the currently staggering $20.4 trillion federal debt is to Keynesian socialist sophists in the U.S. government a convoluted financial matter that can be delineated properly with the fuzzy nonsensical math and charts that they ordinarily use to defend the sordid application of Keynesian economic theory in a floundering global economy. But this is not what the father of capitalism, Adam Smith, and the Founding Fathers of the U.S. Constitution, the sovereign economy of the American republic, and the American dollar, Madison, Jefferson, Jay, and Adams, would have done in 1789, and would not say, if resurrected in 2017, to exculpate the ravaging socialism, rampant federal debt, austere inflation, and the perverse mutation of the sovereign American economy, which have devastated the great American republic. This article is the first part of a three-part explication of what has happened in the federal government conspiratorially since 1913 to deliberately destroy the governmental and economic foundations that made the USA the greatest successful experiment in republican government that the world has ever seen. Read on for political, economic, and historical understanding.

The Hour Glass

Thu, 02 Nov 2017 21:16:09 -0500

As the sands of time flow downward the sea of change continues to ebb. It ebbs not with grace but with a velocity of a coming tsunami. The world that I once knew when I was young is unrecognizable now.

The Right to Be Idle

Tue, 31 Oct 2017 07:40:25 -0500

In the modern world, it is well established that there are some basic human rights and these are enshrined in law in advanced countries. Most people now agree that there should be a right to life, to freedom under the law, to safe food, clean air and water, and state-funded education. All advanced countries except the USA provide universal state-funded healthcare. Advanced countries also provide various forms of welfare benefits to support child care, disability and retirement. Most significantly, they provide financial support for workers who lose their jobs and suffer a period of unemployment. However, it is the nature of right-wing politicians to resist the extension of the welfare system, and one of their repeated concerns is that some people may choose not to work but live permanently on unemployment benefit.

3D Blockchain Application Platforms

Sat, 21 Oct 2017 18:16:59 -0500

3D blockchain application platforms are now available. These are projects that are developed by using a cryptocurrency. The program is regulated by the use of different kinds of cryptocurrencies. When you have a small business, it is possible to make very interesting presentations so as to manage projects in a more impressive and efficient manner only by using such programs. This means that you can be in a position to manage different business services or even a store better.

Closure of Car Manufacturing in Australia Is a Legacy of Abbott and Hockey

Thu, 19 Oct 2017 21:10:49 -0500

Many in this country held their breath when the decision was made by the Federal Abbott/Hockey government not to give money to companies struggling to continue with their manufacturing industries. This followed the Global Financial Crisis and the staving off of job losses by the Rudd government after its election in 2007. The toxic nature of Abbott in opposition appealed to the people who chose to change things in 2013.

The Fed Is About to Topple This House of Cards

Thu, 28 Sep 2017 09:53:21 -0500

There's another storm ready to pummel the U.S. It could leave behind a painfully slow recovery that could eat away at your wealth if you're not prepared...

Academic and Professional/Occupational Advice for American Citizens Under Thirty Years of Age

Mon, 11 Sep 2017 15:24:02 -0500

The prevailing economic status of a constitutional republic, such as the USA, determines the sociopolitical environment in which the youth of the republic are conditioned to pursue education, professional, and occupational development. The methodology for such development boils down to one, of two, economic options; the statist, socialist, and Keynesian approach to development, or the one based upon the republican principles established for the pursuit of liberty by the honored Framers of the American U.S. Constitution, capitalism, and the free market. Pursuit of education and future financial success may be geared toward an expansion of socialism or a restoration and sole use of the principles of capitalism. The educational status of a unique republic is at stake through choices made by its youth. Read on for an explication of the issues...

The Economic Impact Of Universal Income

Sun, 03 Sep 2017 08:32:51 -0500

In an age of technological marvels as we are seeing today has generated enormous wealth. But, with this wealth you would think that society as a whole would be the benefactors of all those technological advances. Today, the wealth disparity gap has only gotten wider.

How a Social Impact Calculator on Aging Can Help Your Community

Fri, 01 Sep 2017 07:14:41 -0500

Aging Social Impact Calculator uses demographic trends, economic benchmarks, health rankings, policy and funding frameworks to provide a predictive picture. Communities and states can use these benchmarks to better understand the potential impact of the aging of our society, and how economic, health, policy and funding rankings help communities and states determine how well they are positioned to respond, and what sort of capacity they bring to the situation.

Why Do Leftist Socialist Leaning Professors Dismiss Entire Field of Economics & Fight Economic Data?

Thu, 31 Aug 2017 07:02:46 -0500

Not long ago, I was listening to a PodCast from Knowledge (AT) Wharton [Business School] where the researchers noted that 58% of Economists believed it would not be helpful for them to study the humanities - Sociology, Anthropology, Gender Studies, Etc. The same study did reveal that most Economists believed History was important. Contrast that with professors in the Humanities where 78% thought that cross-studies, multi-degrees in different subjects helped their knowledge, insight and perspective very much.

Frequently Asked Questions About the Price of Scrap Metal

Sun, 27 Aug 2017 11:16:47 -0500

Selling your scrap metal is something that requires a focused approach. Learn how to loosely assess the value of your items before handing them over to a scrap metal buyer.

National Economic Reform's: Department Of Economic Development

Fri, 25 Aug 2017 14:58:01 -0500

Not since FDR has the United States been faced with the enormity of rebuilding America's economy and infrastructure. Today our economy as well as the nations infrastructure is putting this nations security and stability in grave danger. Our economy today is already on the verge of falling into the abyss by factors very reminiscent of the events that led to the Great Depression of the 1930's.

The Mounting Tempest

Mon, 21 Aug 2017 20:43:08 -0500

Hindsight is relative in proportion to events that have already occurred. That being said the transgressions that the Trump administration has done many now wonder would the electoral college have voted for the one candidate who had the majority of Americans in his corner if they knew how the Trump Presidency is turning out to be? An historical turn of events would have taken place.

McDonald's Strikes Gold With New AI

Tue, 08 Aug 2017 07:51:58 -0500

For investors, the AI revolution represents an opportunity. For job seekers, on the other hand, a liberal arts degree is beginning to finally look like a solid option.

What It Takes To Become Financially Stable

Sat, 05 Aug 2017 10:14:35 -0500

There are so many reasons why being financially stable in the real world can help you in the long run. It is one of the important basic necessities to grow into something worthwhile.

Illinois - The Canary in the Coal Mine

Thu, 13 Jul 2017 08:25:23 -0500

A few months ago, we highlighted how Illinois was broke and that it would soon be the first state to have a junk bond rating. After all, the state has gone over two years operating without a budget.

2 Tricks to Save Your Nest Egg From Cracking

Tue, 04 Jul 2017 09:37:29 -0500

With careful planning and a little knowledge, we can take advantage of a few techniques to build a nest egg to protect against the next financial collapse. We don't have to be caught unprepared...

The Light of Enthusiasm Is Gone As Depression Takes Over

Thu, 29 Jun 2017 06:57:49 -0500

Most will know what happens at such a time. They started something in the past that drew them along with such enthusiasm that little else mattered. Their dreams were set in stone and the driving force so strong they could not imagine anything going wrong.

How to Sell Scrap Metal

Fri, 23 Jun 2017 13:13:11 -0500

You can sell your scrap metal for cash, but be sure you choose a reliable buyer for honest, convenient, and professional customer service. Learn what else to look for in this article!

A Brief Introduction To Blockchain - For Normal People

Wed, 14 Jun 2017 14:21:02 -0500

You've probably heard of Bitcoin. You've probably also witnessed some of the hysteria that has periodically surrounded it. What you may not know is how the technology underpinning this fashionable cryptocurrency is poised to change the world. It is called blockchain and it is one of the biggest potential game changers since the invention of the printing press.

The Other Infrastructure Boom

Mon, 12 Jun 2017 08:08:54 -0500

We spill a lot of ink in this country about the huge amounts of money that might be spent on improving our infrastructure. But we're missing the bigger picture...

Yellen Is Not Done Yet

Thu, 08 Jun 2017 07:48:03 -0500

The first day of hurricane season just passed. When it comes to Wall Street, a different kind of storm is brewing, and now is a good time to start preparing...

Impact Of China Pakistan Economic Corridor (CPEC) On The Banking Industry Of Pakistan

Thu, 01 Jun 2017 14:05:44 -0500

China Pakistan Economic Corridor is an integral part of China's One Belt One Road initiative. This regional connectivity project has been dubbed as a game changer for Pakistan. This article highlights the probable impact of this regional connectivity project on the banking industry of Pakistan and whether or not Pakistan's banking industry is ready to take on the most unique set of challenges and troubles this project is going to throw up in the near future. Would Pakistan's banking industry be able to control, regulate and most importantly facilitate the colossal flow of two-way trade that is expected to pass through the country?

A Position Paper Addressing Issues In Papua New Guinea's Economy

Wed, 31 May 2017 08:39:22 -0500

Today, Papua New Guinea's economy is nothing to write home about. With a GDP rank of 115th position(nominal), Papua new guinea(PNG) is the poorest country in the Asia-pacific region. Apart from poverty, inequality has also spread like wildfire across the country, making PNG an ironical write-off for most investors.

Why IRS Tax Reform Now?

Thu, 18 May 2017 21:35:50 -0500

The "debt ceiling" is no longer a number but a date. With the help of both Democrats & Republicans the total U.S. debt will continue to rise indefinitely!

"I Will Build a Great, Great Wall and Mexico Will Pay For It" Said Donald Trump

Wed, 17 May 2017 10:29:18 -0500

This article takes Donald J. Trump's campaign topic then analyze it and presents common sense alternative solutions. There has been a lot of print on this topic but little to nothing is said about alternatives. Alternatives could be a way of satisfying Trumps base and therefore his reputation.

Leap Into The Future With The Diamond Standard US Dollar

Wed, 17 May 2017 08:51:28 -0500

Why use only gold or silver to back our U.S. Dollar, when we can back it with diamonds? Diamonds can be manufactured, unlike gold. Eventually, we may make a super diamond worth more than any other precious mineral!

The Economic Cinderella Story of 2017

Mon, 15 May 2017 08:15:37 -0500

Europe might seem like a poor place to invest. However, Europe's economy is speeding up. Certainly, European stocks are already reflecting that reality...

Dangers Of Lacking Financial Education And Giving Value To Others

Fri, 05 May 2017 08:28:16 -0500

In this article, I am going to talk about the dangers of lacking financial and values education which are just as important as our school education which mainly and still focuses on theory and academic score having read and understood the books by Robert Kiyosaki like Rich Dad Poor Dad as well as watching all videos of Eben Pagan on what it takes to succeed in business, relationships, wealth and improving all areas of life as his subscriber and customer which are in contrary to what we have been taught and conditioned to think and do by our parents, grandparents...

A Concerning Chinese Revolution

Thu, 04 May 2017 08:50:40 -0500

China is adding robots at an average pace of about 20% annually. In other words, about 650,000 new robots are expected to be installed there by 2020.

Blockchain: Open Source Money

Mon, 17 Apr 2017 20:41:53 -0500

What if we lived in a world where global access to money was available to everyone? Money can zoom around the globe at the speed of digital as a peer-to-peer decentralized and cooperative process - no top-down banking system needed. Trust relationships happen automatically via digitally signed, permission-less transactions, destroying the inevitability of poverty. Would this be a giant step for humanity?

Stagnant Wages? Not Here

Mon, 10 Apr 2017 08:51:10 -0500

For one group of workers, the pay has been anything but stagnant. And yet, employers are still having trouble getting enough people for the job.

A Massive Housing Shortage Is Coming

Tue, 04 Apr 2017 10:30:50 -0500

We're completely and utterly unprepared for what is going on. I believe we're going to need a homebuilding boom to offset the coming housing shortage.

Do You Think Huge Bonuses Paid to City Bankers Are A Good Thing?

Wed, 29 Mar 2017 13:35:17 -0500

Does it make any kind of sense to have a few people who produce nothing getting paid huge amounts of money for shuffling around electrons and pieces of paper. These guys (and girls) are being paid for being successful at gambling with the bank's money. Of course, in truth, that money is OUR money.

Morality Lost, The Age Of Decadence

Wed, 29 Mar 2017 08:11:56 -0500

We have seen it on our TV screens, we hear it on the radio, we continue to witnesses it in the movies and we have experienced it in person. The age of decadent amoral behavior has redefined our nation. This transformation has rendered the United States incapable of healing the wounds that have divided this nation.

Why Governments Drive People Into Poverty

Tue, 21 Mar 2017 06:44:49 -0500

The situation in Australia is rather dire as the government tightens welfare payments and clamps down on pensioners with assets, such as the family home. Until now the unemployed enjoyed a decent benefit from Centrelink but the influx of migrants and illegal activities by some recipients have hit the budget hard. Some use multiple identities to draw several pensions and claim payments they were not entitled to.

Inflation Goes Global

Mon, 20 Mar 2017 08:22:04 -0500

Inflation is headed higher in the U.S. But what makes this trend worth watching is that it's not limited to the United States, but is reaching around the globe..

The Inevitability of Debt

Mon, 20 Mar 2017 07:29:03 -0500

The entire world is in debt of one form or another. It is not only about money but climate change, global warming, conflicts within and between nations, mass migration, and disease, to name but a few of the consequences of it. Drugs, crime, and social disorder can be added to the mix along with corrupt politicians and a loss of freedom and human trafficking.

A Rocky Road Ahead

Thu, 16 Mar 2017 08:47:31 -0500

Wall Street is seeing strong job growth. Is this a green light for the Federal Reserve to boost interest rates at the close of its upcoming meeting?

Discount Retail: The Next Shoe to Drop?

Mon, 13 Mar 2017 07:50:42 -0500

Increasingly, the stars are lining up in a way that will not spare a key group of companies in the retail sector - dollar stores. They're facing new competition from some surprising companies.

Affordable Health Care Is Better for You

Thu, 09 Mar 2017 09:01:42 -0600

The economy-wide benefits of having affordable health care outweigh the costs. Here's my case... and I want to know if it's a convincing one to you.

Poverty in the Eyes of Adam Smith, David Ricardo and Malthus

Mon, 06 Mar 2017 09:27:12 -0600

Poverty is a situation in which scarcity takes place, or it can be a state where individuals lack a certain amount of materials or money, depending on the phase they are living in. There are many different views, describing this circumstance. Especially, economists have tried to describe it in a definition, but there are different views of referring to the situation among the economists as well.

Beware These Dangerous Words

Fri, 24 Feb 2017 09:03:54 -0600

Every boom has its moment of hubris and overconfidence. Most often someone announces a "tallest building in the world." Or in this case, a gigantic mall.

The Debt Meltdown

Tue, 21 Feb 2017 09:01:16 -0600

America has a debt problem. That shouldn't come as a surprise. For as long as I can remember, we've had a debt problem. But despite the federal government's love of debt spending, its bad habits aren't what could bring the economy to a sharp and painful halt yet again...

The Democratic Agenda

Tue, 21 Feb 2017 07:12:03 -0600

In the mist of this President's trial by error administration the Democratic Party continues to grasp at straws for an agenda that would rally a nation that most feel is moving in a very wrong direction. The only light of reason and hope in this problematic presidency has been the continued outspoken presence of Bernie Sanders. But, like during the primaries the establishment of the DNC continues to dismiss and really ignore the message that Senator Sanders keeps putting out.

Universal Income Is Probably A Very Bad Idea Even If Small Scale Pilot Programs Show It Working

Mon, 20 Feb 2017 07:00:39 -0600

Perhaps you've heard the call for a 'universal income' to prevent poverty and bring a little more to the proverbial goal of equality. Well, it turns out many countries are considering this and a few already have such a thing. Most of us in capitalist countries hesitate at the thought of such a concept, as it is a disincentive for those at the bottom to climb up and out of poverty. Still, you'd be surprised how much traction this idea is getting in even first world nations, even though the scheme has 'socialism' and big government written all over it.

In the Lapse of Luxury: When the Rich Stop Spending

Fri, 17 Feb 2017 08:40:04 -0600

If the wealthy feel confident about the future, they spend. And a close look at the details of luxury spending shows the situation isn't as pretty a picture as the market is painting right now.

Cashless Society, India, and Big Brother

Wed, 15 Feb 2017 07:17:32 -0600

The short story is that American banking and government institutions are partnering on a do-or-die- global ultimatum to shift all countries from cash to digital currency. The ultimatum is that if a country does not play ball by cooperating, they lose out in trade since digital will become the default platform.The momentum builds in the interest of international business community to eliminate cash, increase digital payments, and to expand the ability of payment service providers and mega corporations to track every penny you spend.

Born Free and Unregulated

Wed, 08 Feb 2017 11:01:11 -0600

A human being is born free. Every human being, even those in totalitarian states. Their freedom has simply been stolen, due to a government with too much authority.

A Wrench in the Recovery?

Thu, 02 Feb 2017 08:54:00 -0600

The latest GDP growth figures from the Commerce Department have a number of traders adopting a wait-and-see approach. But are they poised to miss out on the next big rally?

Brexit and Its Impact on the World Economy

Fri, 27 Jan 2017 11:34:10 -0600

A Fair Minimum Wage in America

Tue, 24 Jan 2017 08:53:20 -0600

Minimum-wage workers got their increase. Now they're facing the sharp bite of inflation, which means increasing prices for coffee, ice cream and everything in between.

Toward Depoliticization of the Department of Veterans Affairs: Donald Trump's Constitutional Mandate

Sun, 15 Jan 2017 11:14:40 -0600

The nomination by President-elect Donald Trump of the respected and dedicated physician, Dr. David Shulkin, for the position of V.A. Secretary is a definite game-changer for the U.S. Department of Veterans' Affairs. Since the unfortunate day that the V.A. was made a cabinet-level political organization, in 1989, status-seeking politicians have been selected by career politicians (presidents and Congress) to head the department as the politically focused V.A. Secretary. Ed Derwinsky was the first and, hopefully, Bob McDonald will be the last. The confirmation of Dr. Shulkin as V.A. Secretary by the 115th Republican Congress will be the first great step toward the complete de-politicization of the V.A. through its removal from cabinet-level status and a return to an accountable federal agency intent on the basic purpose of the V.A., which is to use appropriate tax dollars in the most efficient manner to serve the needs of the nation's military veterans. For this to occur over-time, many changes will be necessitated through the purview and ultimate control of the 45th President of the USA, Donald Trump. Read on for an explication of these issues...

The Trump Economy Is About To Surge - Are We Setting Ourselves Up For A Big Crash In The Future?

Wed, 04 Jan 2017 11:34:49 -0600

Currently, our trade deficits continue to rise, and the dollar is strong, so we should expect that trend to continue. We are watching the Euro dip below the dollar, it's a $.96 today (January 3, 2017). Many emerging markets are under stress with potential trade deals dying on the vine and the incoming Trump Administration threatening to renegotiate everything, including and specifically NAFTA. This will cause a flight to safety for global investors, and that money will come to the US, but as that happens, this money will be looking for a decent ROI and that capital will be put to work - some of it will be banked and thus, money created to be loaned out.

Income Inequality Fixes Offer False Logic - Socialism Is The Problem, Not the Solution

Sat, 31 Dec 2016 13:02:50 -0600

Many have noted that the top one percenters keep getting richer while the bottom 20% haven't made any headway at all, or so very little it's hard to calculate to prove. Okay, maybe that is correct, but the poor have not backtracked on their standard of living or quality of life. Today, nearly everyone has a cell phone, computer of some type, TV, refrigerator, etc. And we don't have very many people starving to death in America with our food stamp program and easy access to anyone.

Crony Capitalism - How Bad Has It Gotten In The US?

Sat, 31 Dec 2016 12:59:49 -0600

We all know the problem of the revolving-door in our political leadership and bureaucracy. Folks are in and out of government, keep their contacts and make a fortune from the known reality: it's not what you know but whom you know. The problem with all this is exactly what Adam Smith warned us about; the incestuous relationship between government and business. Corporations in the US are large and powerful, and have and hire the best talent, retain and control endless resources - these corporations do not NEED government favors, nor does their executive leadership, they are doing fine.

Are Economic Sanctions the Right Way to Demand Regime Behavior Changes - Let's Talk

Sat, 31 Dec 2016 12:57:05 -0600

Apparently, economic warfare is the new norm. Many at the Council on Foreign Relations, RAND Corp and our State Department believe that economic sanctions work better than war in serving our political will, as well as the theory that they save lives. I'd like to challenge that notion. You see, economic sanctions can lead to 'regime change' and instability and eventual economic collapse, of course this puts the country in question in jeopardy and potential of a total societal meltdown, civil war, and can lead to starvation and ruining the lives of an entire generation.

Beware of a Strong Dollar

Wed, 28 Dec 2016 08:46:21 -0600

Strong is good. Strong earnings. Strong sales. These paint a picture of economic growth, which is good for the country. But when it comes to the U.S. dollar in a global market... strong is a problem.

It's Always About Economics and Politics Isn't It?

Wed, 28 Dec 2016 07:24:51 -0600

After the 2012 re-election of Barack Obama our think tank was discussing the challenges the Obama Administration's policies and continued direction would do to our small business community, jobs, and our economy. One of the think tank members stated she believed help was right around the corner.

Economic Cycles, Stock Market Crashes and the Scary Scenarios

Tue, 20 Dec 2016 07:08:24 -0600

Here we are ready to inaugurate a new president in 2017 and our stock markets are at all-time highs after a huge 'Trump Bounce' after the election. Many that study stock market history admit that we are in a need for a pull back as the DOW is almost ready to break 20,000 pts. What does all this mean?

The Eurozone Train Wreck Continues Into 2017

Mon, 19 Dec 2016 07:23:33 -0600

The European Union seems to be trying to hold itself together, but it is indeed wobbling itself apart like an aircraft engine with an unbalanced propeller and the vibrations are getting worse reverberating from one side of the continent to the other, where no nation is spared from the challenges which await - so what can we expect in 2017 you ask? Well, "Brexit" has already had some effect on Germany and other nations are considering similar exits from the EU, which could quicken its demise. The recent Italian vote was problematic as is the condition...

Future Of Human Economics Considered

Sat, 17 Dec 2016 09:07:54 -0600

It goes without saying that a think tank needs a constant flow of new ideas and innovations to be of value to our society and civilization. So, of course, we ask our fellow members to be generous with their ideas. From time to time we also get outsiders from around the work sending in their best mental brain storms. Not long ago, we had someone explain their plan to ditch the money rat race in society, actually to ditch money all together and increase our productivity by some 30%, here is what he had to say.

Escape the Not-So-Merry-Go-Round

Thu, 15 Dec 2016 09:21:23 -0600

America is stuck on a merry-go-round that is failing to boost our weak economy. It's time for investors to return to hard assets for security and growth.

The Realities of the Minimum Wage Debate

Mon, 12 Dec 2016 06:55:41 -0600

Most people probably inherently realize that artificially raising the minimum wage is wrong - it's morally irresponsible - not the other way around. Paying someone for something - more than they are worth - or rather more than that job is worth only adds cost to the product or service. It also causes many companies to be unable to make a profit and thus, go out of business or are unable to expand to provide more jobs. If we allow minimum wage to float - that is the fairer for all concerned. Besides when more people are employed - the employers have to pay people more as the supply of labor decreases since everyone already has a job. Why? Simple, businesses make money, re-invest that money to expand, thus, more labor is needed.

Free And Fair Trade With Mexico - Why NAFTA Is In Need Of An Upgrade

Sun, 11 Dec 2016 17:06:20 -0600

There is a lot of criticism on the left-side of the political spectrum over President Donald Trump's ascertain that NAFTA needs to be re-negotiated with Mexico, and don't think that Canada isn't also a little concerned about this, even if Canada isn't the target of the re-negotiation, they are part of NAFTA too you know. It seems Mexico is pretty concerned that NAFTA is in danger, and foreign direct investment into Mexico looks as if it has dropped off a cliff since Trump was elected.

Why Socialism I Prefer Not

Sun, 11 Dec 2016 17:00:57 -0600

Call me crazy but I love to listen to socialist economists attempt to justify socialism as a legitimate economic strategy. Why you ask? Well, I think because I am a free-market guy through and through, always have been, ever since I started my first real business at age 12 washing aircraft at the local airport. To make sure I am up on all the latest shenanigans of the economists of socialism and their apologetic diatribes, I subscribe to several Pod Casts to the top academic socialist economists around the globe.