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A Trillion Dollar Coin Will Make a Mockery of the Dollar

January 11, 2013

There has been a lot of talk about a trillion-dollar coin that would ostensibly be used to save the economy (and Obama’s butt). You see, the GOP has threatened to block raising the debt ceiling again in order to force the spend-like-the-federal-government-is-going-out-of-business president to actually cut spending as opposed to cutting the ridiculous size of […]

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Raise the Roof and Bring the House Down

January 9, 2012

Didn’t we just do this? Yes, of course, our country just went through this debt ceiling debacle and nothing has changed. We’re not in a better position to take on debt, our economy is still on the brink of collapse and no one seems to be interested in doing anything about it (perhaps except Ron […]

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What Caused the Economic Crisis?

August 8, 2011

An exerpt from Everyone Agrees It’s clear to most Americans that government has overstepped its charter, especially with the 2008 bailout package. Most Americans were against Bush’s $700 billion corporate welfare plan and practically everyone involved in the legislation of the package agreed that it wasn’t ideal. Even those who said we needed to pass […]

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US Loses AAA Credit Rating

August 6, 2011

In an unprecedented move, the S&P–one of the three major credit rating firms–has downgraded the United States Credit rating from AAA to AA+. While that doesn’t sound like a big deal, it is the first time in the history of the country that its rating has been downgraded. The reason? Because Congress is “dysfunctional”. “The […]

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More Unintended Consequences From Fed Action

July 10, 2011

The extended unnaturally low interest rates by the Federal Reserve makes for cheap money as supposedly more credit (the intention), but also makes certain investment vehicles fruitless and detrimental to companies. That’s likely why PayPal is canceling its money market fund this month. Here’s a letter from the company: Thanks for using PayPal and the […]

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Keynesianism Continues to Fail

July 8, 2011

Keyensianism, the political philosophy that espouses more government spending (specifically debt spending) in order to get out of economic hardship, is continuing to fail. The Keyensian tactics promoted by the Bush administration (TARP, prescription drug benefit) and Obama administration (everything he’s done), continues to fail. Obama said that with his stimulus program, unemployment wouldn’t reach […]

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“Juggernaut”: A Must-Read

April 22, 2011

Juggernaut is the most important book of its kind since Economics in One Lesson and even challenges that masterpiece as a grand survey of economic science and theory. In a sweeping survey of history and financial theory, Morse has produced a must-read that will change the political landscape if there is any justice. First and […]

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Time Your Withdrawals

April 18, 2011

If you’re like me, you have many checking, savings, and money market accounts. Funds go in one and out the other. You oftentimes need to transfer funds between one account and the other. We’re lucky today to possess the technology to facilitate transfers easily and for free, but you should consider one thing before moving […]

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