Economics

Why low rates of interest can cause deflation – an insight for today from Wicksell The aim of the post is to clearly explain why in times of falling interest rates there is often deflation. Further, how does this related to today’s economy. I will explain it in terms of a simple model put forth [...]

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Why deflation is good This post asks is deflation bad or good? The ideal world is full employment and stable prices. That is, red-headed freckled American boys mowing the grass in the summer and mom baking apple pies and little sis with a lemonade stand while the father pulls in the driveway at 4 p.m. [...]

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Swiss banking is a red flag. If you are considering having a secret Swiss bank account, I highly recommend you think again. It is the biggest red flag in the whole world. It is crazy to even think of having an account there. There is one modern alternative to a Swiss bank account, it is [...]

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The cause of the great depression is easy to understand. There seems to be too many economists and experts bringing all kinds of theories and mystery to the great depression. There does not need to be. The purposes of this post is to explain simply, in layman terms to non-economists who do not sit in [...]

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The purpose of this post is to explain Islamic economics clearly for a Westerner. I wrote this because I see a lot of information on the web about Islamic economics that is confusing because people are debating the details of economics according to the Koran and missing the overall intent. People get lost in the [...]

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Every armchair economist has ask the question, will a Great Depression happen again? It is certainly a worthy question. I will answer it not based on economics theory, as this would have to be a very large post. I am arguing that there will be no great Depression because history never repeats itself in exactly [...]

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Why do I advocate leaving the USA and living in a foreign country aboard? The job market is not great and how many reruns on TV can you really watch anyway? Political and economic news is boring after a while (except for my website, please subscribe). You check your favorite sites on the Internet ,whether [...]

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My aim is to give you the basics of economics in one lesson.  If you are considering studying economics or studying now this post will be a useful summary. If you are in the workforce and have no academic interest in economics it will be of great value, as it will explain the way the [...]

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Capitalists have a bad moral reputation. People see them as bad because their economic theory is based on self-interest. Even thought I am an unrepentant capitalist, I totally agree many people who are capitalist are not good moral humans and lack love and compassion. Further, many are just plain jerks and think this economic system [...]

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When I was a teenager I really wanted to help the poor. I did not how, I thought increasing foreign aid might help the poor or working in poor areas. These things do help and are good, especially in areas of drought and total poverty that need emergency help. However how do you end poverty [...]

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