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How Monetarism Screwed the People72

How 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...

0 comments    george soros central bank
Barack Obama - Knight in Shining Armour or Wolf in Sheep's Clothing72

Barack 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    barack obama milton friedman
"Inside Job," A Movie Everyone Should See84

"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    wall street bill clinton aig
There Ain't No Such Thing as a Free Lunch88

There 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"

2 comments    economy milton friedman
Krugman on Friedman -  A Critique83

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 comments    politics economics economic
10 Things You Didn't Know About Economics: Numbers 1-378

10 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.

4 comments    economics math capitalism
Milton Friedman on the Central Federal Reserve Bank70

Milton 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...

4 comments    business finance politics
AMERICAN RIGHTEOUSNESS59

AMERICAN RIGHTEOUSNESS

A Perspective On The Downstream Impact Of The Hippie Generation

21 comments    war obama debt
Empire's Workshop?58

Empire'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...

2 comments    history nicaragua imperialism
The Year Was 198059

The 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...

14 comments    ronald reagan milton friedman
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