In 2008, the United States taxpayers were forced to bail out Fannie Mae and Freddie Mac, two government-sponsored housing corporations. It was believed these two government organizations were on sound footing since then. Well, not so much today. According to new research from the Heritage Foundation, Fannie and Freddie are on the cusp of another […]
Archives for November 2015
‘Too big to fail’ banks will need $1.2 trillion to prevent next financial meltdown
Major global banks deemed “too big to fail” will need to search through their pant pockets or under the sofa cushions to find $1.2 trillion in order to be safe from the next global financial meltdown, says G20 financial regulators. New rules put forward by the Financial Stability Board (FSB) say that the likes of […]
25 quotes from the Ludwig von Mises magnum opus ‘Human Action’
If you’re new to the world of economics, particularly Austrian economics, then there is one book that you must start off with (I wish I had): Human Action, written by Ludwig von Mises. This book promotes laissez-faire economics, capitalism and praxeology, while combating the state, socialism and intervention. Anything you read in Austrian economics books […]
Guest Post: Entrepreneur lite, a franchise option
The traditional career path is dead, says business consultant Pete Gilfillan. With rapidly changing technology and a global economy, the average company and employee in the United States continue to come to terms with the new normal. Workers aged 50 and older who lost their jobs during the recession were 20 percent less likely to […]
Chart: 2015’s top 20 nations with gold reserves
Ever since the financial crisis, central banks have embraced gold and increased their reserves. Gold is money. Gold can save you from the failed fiat monetary system experiment. The World Gold Council released two new charts that list the top 20 nations with the most gold reserves. The United States topped the list, followed by […]