That is the question that many people in the UK are asking themselves, however what does it mean? It is given the name Brexit as the term is an abbreviation for British Exit from the EU. Held on Thursday 23rd of June, British voters (citizens in Britain and the Commonwealth of Nations aged 18+) can … Continue reading To Leave or Not to Leave The EU?
The view, which boosts spending on new factories that can hire additional workers, assumes unemployment is the main issue and uses short-run economic stimulus to counter for the lack in private savings. Why not boost employments further, and take the advice of John Maynard Keynes and Paul Krugman and employ as many people in the … Continue reading Central Banks Interest For Resolving Unemployment
Interest is a market participants preference valuation of present goods to future goods. In which one would prefer $10 now rather than $10 in a months time. The monetary unit here ascribes itself to the lenders compensated assurance of placing a premium on present goods, one would prefer $10 now rather than $10 in a … Continue reading A Billion Dollar Time Premium
Wool has been an important product to the Australian economy since 1797. “In 1797, John Macarthur imported a small flock of merino sheep (3 rams and 5 ewes) from the Cape of Good Hope with the intention of producing fine fleeced sheep at ‘Elizabeth Farm’, his property in Parramatta.” (State Library of New South Wales, 2012) Depicted … Continue reading Australian Wool Industry Crisis 1990-91
The inflation rate is a measure of the increase in asset prices, measuring the percentage change in the average price level from the previous year. Where a positive inflation rate means rising prices, a negative inflation rate means falling prices, and a declining positive inflation rate means rising prices at a slow rate. Inflation can be … Continue reading Inflation
Calvin Coolidge the 30th President of the United States, he is well-known as a promoter of Libertarian ideals as he favored lower taxes and small government. Though, he was part of the inflationary low-discount rate policy under the Harding and Coolidge administration. When he said “inflation is repudiation” he meant the government repudiates their debt. … Continue reading Calvin Coolidge “Inflation is Repudiation”
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