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Category Archives: The Mine or the Shaft
How Countries Fall Into The Welfare Trap
People like the welfare state because they suppose that it comes at no costs and provides many benefits. If people knew how much the present consumption of social benefits entails less prosperity in the future, the population would have a … Continue reading
Amazing History of Paper Money: the Gengis Khan Epoch
The Bark Of Trees In the 1190s Genghis Khan extended a practice that changed the world: A new payment transaction system, paper money. This was introduced to the west via Marco Polo and is the primary root to the paper … Continue reading
Why I can’t afford to go to a movie this weekend…
Snyder: Economic Slowdown Confirmed…
14 Very Alarming Numbers That Reveal The Current State Of The Economy The economic numbers just continue to get worse and worse, and at this point it has become exceedingly clear that an economic slowdown is happening. In fact, even … Continue reading
Americans Had To Borrow 88 BILLION Dollars To Cover Their Medical Bills Last Year
I know that the headline sounds outrageous, but it is actually true. According to a brand new report that was just released, Americans had to borrow 88 billion dollars to cover their medical bills last year. That is a truly … Continue reading
The Brains Behind AOC Alexandria Ocasio-Cortez
“She isn’t even in the room!”
Why Marx Loved Central Banks
In his “Manifesto of the Communist Party” (1848), published together with Frederick Engels, Karl Marx calls for “measures” — by which he means “despotic inroads on the rights of property” –, which would be “unavoidable as a means of entirely … Continue reading
Here’s What an American Economic Collapse Could Actually Look Like
(And How It May Be a Lot Different Than Folks Expect) When we think of “economic collapse” our imaginations usually lead us immediately to the desperation we’ve witnessed in places like Venezuela or Greece. We think of starvation, a complete … Continue reading
Thanks to Their Student Loans, Millennials Expect to Die in Debt
Adulting, the now common idiom, is hard. And to many millennials, the grim realization that debt will always be part of their lives is not making it any easier. In some cases, their debt load is so soul-crushing they expect … Continue reading
I, Interest Rate
Interest rates simply reflect the truth; and it is a very sad day when telling the truth can foster such ill will. It is often said, “Don’t kill the messenger,” but that is precisely what everyone seems to want to … Continue reading
