Archives for October 2013

Last weekend, there was a glitch in the Electronic Benefits Transfer system cards, debit-style cards issued under Louisiana’s food stamps system. The food stamp cards show the amount of money available to spend on the card, due to a technical error there was no limit appearing. As soon as it was being reported, many food […]

On Monday, economists Eugene Fama and Lars Peter Hansen of the University of Chicago and Robert Shiller of Yale University were awarded the Nobel Prize in Economics (specifically the 2013 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel) for their “empirical analysis” on stock, bond and home prices – though contradictory at times. The three men […]

A socialist paradise? Although Hollywood elites and left-wing intellectuals enjoy depicting Venezuela as such a place, the reality of the situation is that the country is experiencing complete misery because of the federal government’s endeavors. With the government spending astronomical amounts of money on social programs, instituting price controls, production quotas and immense bureaucracy and […]

This year, gold has been beaten, battered and bruised. Since the spring, gold has fallen all the way down to around $1,200 and $1,300, even in a terrible economic recovery, government shutdowns, enormous debt levels and the announcement that Janet Yellen, a Keynesian and inflationist, will become the next Federal Reserve Chair. Last year, however, […]

It’s official: President Obama has nominated Janet Yellen to become the next Chairman of the Federal Reserve. It’s likely that her nomination will not be opposed and if confirmed by the Senate then she will be the first woman to head the central bank in its 100-year history. Many have applauded the president’s decision, especially […]