A new report suggests that recently instituted minimum wage hikes at the state level has cost as many as 200,000 jobs. This contradicts the claim that the minimum wage is great for the economy. The Federal Reserve Bank of San Francisco released its report Monday entitled “The Effects of Minimum Wages on Employment.” It explained […]
Archives for December 2015
LOL: Ontario government urges taxpayers to help pay off $300 billion debt
At this time of the year, we are bombarded with television, radio and newspaper advertisements encouraging us to donate to good causes that can help the poor, give an impoverished child a present for Christmas or ensure a senior is warm in their home. No matter the circumstances, a lot of us help out these […]
Is now the time to buy gold, U.S. Treasurys? Marc Faber thinks so
After the Federal Reserve decided to increase interest rates for the first time in nine years last week, there has been a lot of discussion as to what investors should do with their money. What should they buy, sell, trade or exchange? Many contrarian investors have alluded to gold and other precious metals as logical […]
Why capitalists are repeatedly ‘fooled’ by business cycle theory
By: Frank Shostak According to the Austrian business cycle theory (ABCT) the artificial lowering of interest rates by the central bank leads to a misallocation of resources because businesses undertake various capital projects that — prior to the lowering of interest rates —weren’t considered as viable. This misallocation of resources is commonly described as an […]
Guest Post: Gold And Interest Rates – Why Now Is The Right Time To Buy
By Gemma Greer In our nebulous economic world of stocks, shares, and online trading it is very easy to forget that our economy is heavily influenced by a weighable substance – gold. We no longer use the gold standard, so our currency is no longer anchored and backed by gold, but the long and intertwined history […]