Why did the economy of Cyprus collapse this past year? Well, pretty much the same reason Greece did: governments being too elaborate with the taxpayers’ money and doling high wages for the public sector. This infographic looks at how public sector workers in every industry, except senior personnel, earned more than their private sector counterparts. […]
Archives for January 2014
Nouriel Roubini: Fed’s bubble creations will create financial collapse in 2 years
The United States economy isn’t really recovering and it’s too weak to stand on its own two feet. The Federal Reserve understands this, which is why it’s still continuing with its quantitative easing initiative of $85 billion per month – soon to be $75 billion. It realizes that as soon as it ceases its injections, […]
Video: Robert Murphy on the Economics of Obamacare
Robert Murphy is one of the best Austrian economists around today. His book titled “The Politically Incorrect Guide to Capitalism” and his “zombie” video with Tom Woods are fantastic. Murphy appeared on The Tom Woods Show to discuss Obamacare and the 15-minute discussion informs listeners a lot more than the mainstream media.
Latest $1.1 trillion U.S. budget bill amounts to $3 million per word
Last week, the United States Senate voted overwhelmingly in favor of the $1.1 trillion government spending bill. The Senate voted 72-26 in favor and was sent to President Obama’s desk. The budget bill will include implementation of Obamacare and tougher regulations on financial markets. There will be minor cuts in foreign aid and the Internal […]
NoFiatCoin becomes the first cryptocurrency to be backed by gold, silver
Over the past year, the cryptocurrency market has grown into a $15 billion industry. Due to the immense popularity and acceptance of bitcoin, numerous alternative digital currencies are popping up, such as the RonPaulCoin, NameCoin, PeerCoin, with the hope that they will become widely accepted too. Many goldbug libertarians have expressed their reservations with bitcoin. […]