The war on cash continues. One day after it was reported that the European Central Bank (ECB) wants to kill the 500 euro banknote (SEE: Is it the end of the 500 euro bill? Mario Draghi is thinking about it), one former policymaker has come out in favor of banning the United States $100 bill […]
Archives for February 2016
Why Negative Interest Rates Will Fail
By: Frank Hollenbeck It is now just a matter of time before the US central bank follows the central banks of Japan, the EU, Denmark, Sweden and Switzerland in setting negative rates on reserve deposits. The goal of such rates is to force banks to lend their excess reserves. The assumption is that such lending […]
Are Sanders supporters upset about the New Hampshire delegate issue?
It was ridiculous when it was reported that even though Bernie Sanders won New Hampshire, Hillary Clinton still received the most delegates (SEE: Hillary Clinton loses New Hampshire but still wins? And other reasons to fear for humanity this week). Should this upset Sanders and his supporters? Not necessarily. Since wealth redistribution is one of […]
Video: A progressive’s guide to political correctness
Trigger warning. If you’re a progressive, leftist, liberal, communist or socialist then you may be offended by this video from Prager University. The video, hosted by conservative columnist George Will, discusses how progressives have to be intellectually consistent if they wish to live inside a PC bubble.
Federal Reserve study finds debt held by Americans 50+ soared 59% since 2003
If there is one thing that has happened in the global economy since the financial collapse it’s that more people are indebted than ever before. A new study suggest that there is one age demographic that is facing unprecedented amounts of debt: seniors. According to a new study by the New York Federal Reserve, Americans […]