A reminder for GOP & Democrats: Government — Not Technology — Is Driving Prices Up

By: Michel Accad Should we blame technology for the growth in healthcare spending? Austin Frakt, a healthcare economist who writes for the New York Times, thinks so. Citing several studies conducted over the last several years, he claims that … [Read more...]

Study: Auto loan delinquency rates surge to eight-year highs

A growing number of Americans are falling behind on payments for their automobile loans, says a new study by the Federal Reserve. These numbers haven't been this high in eight years, the height of the economic collapse. New data from the Federal … [Read more...]

How will technology change with Generation Z?

In an interview with BBC, Russell Forrest, a 16-year old student said, “It’s hard to remember a world without technology."  He is one of the UK’s "brilliant minds" in digital technology, and one who is committed to reducing the country’s skill gap … [Read more...]

U.S. student debt rises 18th straight year to $1.31 trillion in 2016

This is just another example of how when the government intervenes into something the problem just gets a lot worse. For the 18th consecutive year, student loan debt in the United States has risen, says a new report from the Federal Reserve Bank … [Read more...]

Industry Outlook: Consumer trends in appliances market

Based on the report by Grand View Research, the future of the global kitchen appliance market looks very bright. It is predicted that within the next 6 years the market will be worth approximately $246 billion. It is also projected that there will … [Read more...]

Debt Isn’t a Problem — Easy-Money Policies Are the Problem

By: Frank Shostak According to the flow of funds data published by the Fed, the US debt to GDP ratio remains at a lofty level. Non-financial sector debt as a percentage of GDP stood at 251.7% in Q3 2016 against 230.1% in Q1 and 184.3% in Q1 … [Read more...]

5 random things for Friday (how much does U.S. pay for NATO?, trust in media, Ron Paul on abortion)

News Story of the Day: Keynesian economist Paul Krugman doesn't think the Federal Reserve should raise interest rates, adding that the United States central bank should increase its inflation target rate above two percent, he said in an interview … [Read more...]

Peter Schiff: ‘Inflation is headed up’ on both producer, consumer level

Rampant inflation in the United States is just around the corner, warns one financial guru. And you're already beginning to see signs of this in many different areas of the economy as well as on a consumer and producer level. Speaking in an … [Read more...]

Cafe Hayek destroys Fox News analyst on robots

For the last century, robots have been gradually replacing human workers. Rather than working at the assembly line with wrenches in their hands (like a scene out of Charlie Chaplin's "Modern Times"), humans are working with computers or applying … [Read more...]

U.S. household debt at highest level since 2008: Federal Reserve study

Americans are continuing their love affair with debt, says a new study from the Federal Reserve. According to a new report from the United States central bank, household debt levels have surged to their highest levels since 2008 as households … [Read more...]