With the New Year upon us, many households may want to impose a strict financial budget to ensure they don’t spend beyond their means and can save some money for a rainy day, or at least for a little bit of drizzle. Although the intentions of households may be sound, many budgets fail for several […]
Archives for December 2014
Video: Milton Friedman takes down academic socialist
Economist Milton Friedman’s documentary series “Free to Choose” brought about some of the greatest explanations of economics as well as how bad government really is. In this video, Friedman takes down an academic socialist, who advocated a greater growth in the size of government. Unfortunately, his desires came to fruition, and the effects have been […]
WalletHub: 11 economic predictions for 2015
WalletHub, a personal finance social network, is out with a new report entitled “11 Economic Predictions for 2015.” The data projections are mostly positive and hint at a gradual economy recovery with lower unemployment levels, a rising gross domestic product and a boost in wages. Here are the 11 economic predictions for 2015 from WalletHub: […]
American consumers get short end of U.S.-Cuba cigar as cronyists win again
After decades of strained relations between the United States and Cuba dating back to the Kennedy administration, President Barack Obama announced Wednesday that the U.S. has eased trade restrictions against the nation of Cuba. This is the first step that could end the Cold War embargo. The move is being celebrated by many. However, there […]
New York Sun urges return to gold standard to save financial system
An editorial published in the New York Sun on Monday calls for the United States government to reinstitute a gold standard in order to save the soundness and fundamentals of today’s financial system. The premise of this argument is the fact that a gold standard would prevent the major financial institutions from playing with taxpayers’ money and […]