Archive for the ‘Economics’ Category

Deficit Matters

Posted: May 1, 2018 in Economics
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“You can tell yourself that ‘deficits don’t matter’, in other words… But that won’t stop you from going broke!” -Bill Bonner


“Commercial banks operated on sound classical principles. It’s a different story these days. Central banks and commercial banks are essentially Ponzi schemes, and engines of inflation. It’s a major reason the rich are getting richer—which is OK, except that today it’s at the expense of the middle class.” -Doug Casey

"Real economic progress is made by willing participants with skin in the game 
doing win-win trades with real money." -Bill Bonner

“The real underlying cause of our wealth and income disparity in America is that wages are no longer connected to gains in productivity.” -Porter Stansberry

Explain Economics

Posted: March 7, 2018 in Economics
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“Economics studies and tries to explain how people make exchanges.” -Robert Murphy

“It is not necessary for everyone to become an economist. It is important for everyone to learn how to think like an economist.” -Robert Murphy

“The High Cost of Good Intentions, a history of U.S. entitlement policy…. the evolution of government pensions….  the hard-to-believe but true fact that there is still one person receiving monthly checks from the Civil War veterans pension program.” -John Cogan