The answer to that question isn’t because they’re lazy. It is math. A summer job just doesn’t have the purchasing power it used to have in relation to tuition fees. Not to mention the minimum wage, pricing unskilled job seekers out of the labour market. Inflation caused by credit expansion on behalf of the central … Continue reading NPR: Why Kids Don’t Work Their Way Through College Anymore?
Australian taxpayers are to be slugged an extra $38.5 billion in tax hikes over the next 4 years without notice. While, the cumulative cost of bracket creep is forecast to be $50.9 billion by 2018-19. Bracket creep is when inflation pushes additional earned income into higher tax brackets. Legislative inaction causes bracket creep to be … Continue reading Bracket Creep in Australia
Politicians say unemployment is due to the lack of economic stimulus spending. Now in the short-run the statistics can prove that this is the case, as people and businesses can afford to boost their spending and hire additional workers to fill their newly built factories, then yes it does reduce unemployment. However, the real case … Continue reading $pending > $aving = Unemployment
A housing bubble can be described as a game of musical chairs. In which, the increase in credit expansion is confused for real loanable funds. Here, people purchase investment property with lower interest rates. This increases asset prices and so the boom inflates the housing bubble, during which a house worth $500k at the first … Continue reading Housing Bubbles & Musical Chairs
Manipulating interest rates in any degree, one is considered to be committing legal plunder. Though, the law is no less immune to manipulation than are interest rates. The law could not organise interest rates without disorganising justice, the resulting transmission of wealth through intended inflation is a violation of property. Legal plunder: “[The word plunder … Continue reading Blunder or Plunder?
The Telegraph reports the Bank of England are developing a new competing currency for Bitcoin, called RSCoin. “[This new currency transfers the] control of money creation from private banks to the state. Arguably, this would make the financial system safer and less prone to boom-bust cycles.” (Evans-Pritchard, 2016). Inflation-induced “boom-bust cycles” arise from monetary policy credit … Continue reading Competing Crypto-Currency, RSCoin