Whenever we read or write about millennials, the conclusion usually is that they are a completely different breed from preceding generations. This may be true in some areas, but when it comes to money they’re just like you. What does this mean exactly? Well, millennials are broke and can’t save money, much like most Americans. […]
Archives for December 2015
Deflation? There hasn’t been any deflation in U.S. since 1953
The talk over the past couple of years has been the threat of deflation. The Federal Reserve, the European Central Bank (ECB), the Bank of England (BOE) and the Bank of Canada (BoC) have all warned that deflation is a real concern. You know who else aired their concerns about deflation? Keynesian economist Paul Krugman. […]
Austrian economics rising – Mises Institute ranked 9th most influential U.S. think tank
The Austrian School of Economics is rising in the United States. According to TheBestSchools.org, an online resource, has listed the Mises Institute as the ninth most influential think tank in the United States today. Here is what the website writes about the Austrian economics institution: Named for the famous Austrian School economist, the Institute’s stated […]
The Dreary Utopia of the Socialists
By: David Gordon Jason Brennan, a remarkably prolific libertarian political philosopher, has a good eye for the essence of an argument. He puts this ability to effective use in Why Not Capitalism? In the book he challenges the defense of socialism in Why Not Socialism? by G.A. Cohen, whom Brennan rightly considers “the leading Marxist […]
As junk bonds crash Goldman Sachs releases debt chart
Want a summary of the $35 trillion Western debt market? Goldman Sachs recently released a chart that summarizes how much the various types of bonds pay out on an annual basis. Since the yield for so-called low-risk investments has plummeted, investors’ hunger for yield has soared, and have thus turned towards junk bonds, a type […]