No, Federal Reserve Chairman Ben Bernanke is not the one to be busted by the United States federal government. Instead, some man in Atlanta, who was known in criminal circles as “The Printer,” was arrested for charges of counterfeiting. Using simple office equipment, he allegedly was able to print out $50 bills by gluing the […]
Archives for January 2013
Paul Krugman, Ben Bernanke rumored as possible Treasury Secretary replacements
Keynesian Economist Paul Krugman, Federal Reserve Chairman Ben Bernanke and a handful of others are being much talked about candidates to replace Treasury Secretary Timothy Geithner, who was reported to be leaving his post by the end of January. Although President Barack Obama has yet to select anyone as a replacement, the liberal community has […]
What do prices ‘know’ that you don’t?
LearnLiberty published a new video Thursday that looks at the world of prices and how farmers don’t care how or why the prices for corn or soy are high or low. All they care about is that they are high or low. As long as they meet the demand, solve the shortage and satisfy the […]
New infographic depicts how Americans spend their money
The United States economy is worth approximately $15.8 trillion, according to the latest estimates. Two-thirds of the U.S. economy is consumption-based, but a pertinent question should be asked: what does the average American buy and how much of it and what do U.S. companies sell to the rest of the world? A new infographic titled […]
10 economic fallacies that have led to the economic collapse in America
“The rich are not paying their fair share!” “Too many tax cuts contributed to the mess the United States is in!” “Corporations need to be regulated in America!” “Capitalism and free markets hurt the poor and let Americans bail out the banks!” “Government is the only entity that can solve the crises we’re in!” If […]