Many conservative or libertarian commentators and bloggers will often use the acronym “TINSTAAFL,” which means there is no such thing as a free lunch. It’s been written about by many economists over the years, particularly by Milton Friedman. But if you want a comical take on it then there’s an episode of “Seinfeld,” in which […]
Archives for February 2016
5 random things for a Friday (Vancouver’s real estate market, Ron Paul on Donald Trump, sweatshops)
News Story of the Day: A new study by researchers at the Massachusetts Institute of Technology, or MIT, says that without high taxes or government support, green energy can’t compete with power plants. The study noted that traditional energy sources wil remain less expensive than green energy for the next 10 years. In other words, […]
Report: 7 things financially successful people refuse to do
Do you want to be as successful as some of those millionaires and billionaires you see on the business networks, in your neighborhoods or at the airport? Well, according to a DailyFinance report, you can start by mimicking their behavior. This entails refusing to fall into bad habits that financially successful people often avoid. Here […]
Keynesian economist wants another round of quantitative easing to boost stagnant economy
A Keynesian economist that sounds a little bit like Peter Schiff? Who would have thunk it? Speaking in an interview with the Economic Times, Robert Shiller, Yale University Economics Professor and Nobel Laureate, stated that the United States could inject another round of quantitative easing if the economy doesn’t improve. Although he conceded that it’s […]
Central Banks Should Stop Paying Interest on Reserves
By: Brendan Brown In 2008, the Federal Reserve began paying interest on reserve balances held on deposit at the Fed. It took more than seven decades from the US leaving the gold standard — in 1933 — for the fiat regime to do this and thus revoke a cardinal element of the old gold-based monetary […]