A lot of contrarian investors expect the Dow Jones Industrial Average (DJIA) to crash at some point in the near future because of a variety of factors, including the paucity of sound fundamentals, the Federal Reserve’s implosion and the numerous bubbles currently formulating and growing. One financial author recently told CNBC that he thinks the […]
Archives for March 2014
Minimum Wage Consequence: Pizza Hut moving to automation
Who needs waiters, servers and cashiers when you can just order your own pizza when you sit down? Using automation, Pizza Hut customers will soon be able to select the type of size, pizza dough, sauce and toppings they want by using a touch screen table – you can even play a game while you […]
Why doesn’t Warren Buffett pay his minimum wage workers $15 per hour?
This week, after sending a letter to Berkshire Hathaway shareholders, Warren Buffett appeared on CNBC to discuss an array of economic and political matters, such as bitcoin, the Keystone XL oil pipeline and the economy. One of the issues that garnered buzz was his stance on the minimum wage. Buffett, who endorses a minimum tax […]
Drunk Economics – Understanding marginal utility
Marginal utility is a very important concept in the world of economics. The economic term is defined as the satisfaction a consumer gains from consuming one or more product. It was developed by the Austrian economist Friedrich von Wieser, an important father of the School of Austrian Economics. If you still don’t understand marginal utility […]
Ben Bernanke says the Fed could have done more during economic collapse
Ben Bernanke is no longer helming the Federal Reserve System – those duties now belong to his successor, Janet Yellen. Although he left the central bank and the United States in pretty bad shape, Bernanke now believes the Fed could have done a lot more during the height of the economic collapse. Making his first […]