Economy

The Great Homogenisation

By Anonymous (not verified)
January 14, 2021 20:09
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Let us assume for this thought experiment; the OECD and FATF have their way on "unfair tax competition."

Does Government Spending Boost the Economy?

By Anonymous (not verified)
August 13, 2020 11:15
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A recent article in Business Insider by Jim Edwards offers putative “Proof That Government Spending Cuts Hurt Economic Growth.” He even goes so far as to claim that “war is good (economically).” In this article, I’ll explain what’s wrong with this popular and age-old fallacy.

The Truth about Savings and Consumption

By Anonymous (not verified)
August 13, 2020 11:07
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4 Comments



We regularly hear how important consumer spending is for the economy. The story goes like this: the more consumers spend, the more money circulates in the economy, which stimulates healthy job growth and profits. If people could be encouraged to go out and spend a little more of their paychecks, we’d all be better off. Remember the infamous “stimulus checks” back in 2008? Same idea.

Civilization Exists Because I'm Bad at Basketball

By Anonymous (not verified)
August 13, 2020 10:40
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The beauty of the market economy is that we can all enjoy a variety of goods and services despite the fact that some people, like myself, are really lousy at many tasks.

The Problem of Production

By Anonymous (not verified)
August 12, 2020 17:53
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3 Comments



Again and again we hear it said: "The problem of production has been solved." Look at the stocks of wheat and bales of cotton go­ing begging! Consider the giant steel mills and factories with un­used capacity that could be brought into production! Many view this unused wealth, the sur­pluses and potential productive power, as a breakdown in distri­bution.