Ten years have passed since the 2008 subprime mortgage crisis. It was the worst financial panic since the Great Depression. Now it seems that some of the lessons learned back then are being forgotten. Growing debt burdens in emerging markets … Continue reading
Some people think of the new automated economy in terrifying and mechanical terms. In such a vision, machines reign supreme as they work tirelessly, silently and efficiently to maximize production and replace humans. Increasing automation will soon put tens of … Continue reading
The adjective Catholic is rarely employed to describe the ideal economy we need. Many would see its use as mere window dressing to make the free market appear a bit more compassionate. Everyone knows that the business of creating wealth … Continue reading
There is good news in America today. Unemployment is down as the economy is booming. Jobs are available to all. Happy times should be here again. An economy-centered vision of society holds that plentiful jobs automatically lead to happiness. Give … Continue reading
A booming economy should help people make good financial decisions since more money can be directed to other needs. That is why savings rates normally go up as the economy improves. People naturally tend to take advantage of better days … Continue reading
Everyone is taught to believe that gigantic retailers are the most efficient distributors of goods to the general public. Small stores may be able to fill tiny niches. They may be quaint and picturesque. However, only the gigantic retailers have … Continue reading
When times are good, families generally have more babies. This is the trend in modern times. Good times generate more good times. The fertility rate of women of all ages goes up. Demand increases and nations enjoy increased prosperity. However, … Continue reading
There is an unwritten rule among those who watch the economy. When times are good, families have more babies. Across the board, the fertility rate of women of all ages goes up and the population is replenished. Young populations and … Continue reading
As I watch the debate over tariffs, I can’t help but feel the two sides are not speaking the same language. They are talking apples and oranges. One side is concerned only about money while the other side deals with … Continue reading
With the dramatic rise of bitcoin, many are talking about this crypto-currency as the new money of the future. Such a simplification is understandable, since the matter of money is complex. Not all that glitters is gold. Likewise, what appears … Continue reading
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