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72How Monetarism Screwed the People
Previous sections of this study have examined the idea that Canadians would be better off reverting our central bank to it's prior, stronger position in the economy, where the government, through the BoC produced more of the money used in the...
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72Barack Obama - Knight in Shining Armour or Wolf in Sheep's Clothing
This morning I decided to take up the invite of calling on a fellow hubber to snack on something tasty. Once I arrived, I browsed for a few moments before one particular hub grabbed my attention; it was about Obama. After digesting the hub and...
16 comments
84"Inside Job," A Movie Everyone Should See
Inside Job, a "Must-see Movie The documentary takes viewers step by step through the developments, beginning with deregulation debacle in the savings and loan industry under Reagan and continuing through subsequent administrations including, importantly, the repeal under Bill Clinton of the Glass-Steagall Act which had required the separation of banking and riskier securities trading activities since 1933.
34 comments
88There Ain't No Such Thing as a Free Lunch
"There Ain't No Such Thing as a Free Lunch (TANSTAAFL) is an economic priciple that indicates that states a person or society cannot get something for nothing. This was the title of a book Milton Friedman and Campbell McConnell calls it "the core of econmoics"
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83Krugman 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...
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7810 Things You Didn't Know About Economics: Numbers 1-3
The field of economics has many flaws and shortcomings. Here are the top three things you didn't know about the assumptions and ideas in modern economics. Economics is excessively mathematical and assumes people are able to crunch an infinity of numbers to come to the most rational decision.
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70Milton 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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58Empire's Workshop?
It's odd to be reading a book like Empire's Workshop while in Nicaragua – odd, but appropriate. Millions of Americans will find steam coming out of their ears when they put the book down – it's appalling to be reminded of all the Central and...
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59The Year Was 1980
The year was 1980. The Prince of Voodoo Friedmanism Republican Ronald Reagan came into power. A true believer of Milton Friedman, an economist, Reagan preached the famous Friedmanism mantas: “ the social responsibility of business is to increase...
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