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Krugman on Friedman - A Critique
With the passing of the late John Kenneth Galbraith (1908 - 2006) the job of popularizer of the economics of government economic control of the economy has been taken up by Paul Krugman. Like Galbraith, before...
8 commentsDon't Trickle on Me!
Ever since the days of Ronald Reagan's presidency we have heard the term Trickle Down applied to economics. The actual theory is called Supply Side Economics Theory, and it is an idea that if you cut or...
29 commentsGetting Rich...Slowly, Part 2: Proper Habits of a Rich Person
In our first lesson, we learned that the first step towards building wealth is thinking about gaining riches in a serious, pragmatic fashion. The next step is putting such thoughts into action. After all, thoughts without action are essentially...
7 commentsYoung Entrepreneur - Declan Galbraith
Traditional ways for kids to make money have focused on household chores, but busking led to multi-million pound recording career for Declan Galbraith.
28 commentsThe Reluctant Convert -C.S. Lewis.
Born in Ireland in 1898, Clive Staples Lewis, a former atheist, became one of the Twentieth Century's most influential writers on issues of faith and culture. His influence continues to this day with his many writings on such subjects remaining in print. Lewis believed Christianity should be a constant challenge to any society's easy answers or unquestioned assumptions.
59 commentsEconomical and Finance Jokes
A chemist, an engineer and an economist are stranded on a deserted island. They carry with them some canned food but have no ordinary means of opening the cans. The chemist suggests gathering some wood and...
5 commentsA Selected Few Child Prodigies
Pictures, info and videos of a selected few talented child celebrities.
8 commentsSome of the Economic Ideas of John Kenneth Galbraith Part One
This is part one of a series on some of the economic ideas of the prominent Liberal economist, John Kenneth Galbraith -- one of the most important social theorists of the twentieth century. There will be twenty-one hubs covering selections presented in a paperback called "The Essential Galbraith."
6 commentsWealth Distribution Inequalities: A Global Perspective
One arguably positive outcome from the cataclysmic global financial crisis of 2008 as well as the devastation and outcry that resulted in its wake remains the fact that it drew and captivated swaths of the world’s population on the seemingly...
2 commentsMilton Friedman on the Central Federal Reserve Bank
“The Federal Reserve definitely caused the Great Depression by contracting the amount of money in circulation by one-third from 1929 to 1933.” -- Milton Friedman, Nobel Prize winning economist, January...
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