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Todd Suomela

Steve Keen's DebtWatch No 31 February 2009: "The Roving Cavaliers of Credit" | Steve Ke... - 2 views

www.debtdeflation.com/...therovingcavaliersofcredit

economics money credit fiat orthodoxy heterodoxy

shared by Todd Suomela on 08 Feb 09 - Cached
  • Thus rather than credit money being created with a lag after government money, the data shows that credit money is created first, up to a year before there are changes in base money. This contradicts the money multiplier model of how credit and debt are created: rather than fiat money being needed to “seed” the credit creation process, credit is created first and then after that, base money changes.
  • Todd Suomela on 08 Feb 09
     
    Argues against the standard view of fiat-money creation by government and in favor of a credit-money view where banks drive the growth of the money supply.
caelanho

Bitcoin: The opportunity costs of mining for money - 0 views

theweek.com/...nity-costs-of-mining-for-money

What is the opportunity cost of using virtual money rather than paper money?

shared by caelanho on 17 Sep 14 - No Cached
  • caelanho on 17 Sep 14
     
    The future of money is to mine virtually as there will be less counterfeit and it will be easier for consumers to access their cash.
luigicharles

TurkStat: Income equality improving in Turkey | Money | Daily Sabah - 0 views

www.dailysabah.com/...e-equality-improving-in-turkey

Income Equality Developmental Economics distribution

shared by luigicharles on 24 Sep 14 - No Cached
  • luigicharles on 24 Sep 14
     
    ISTANBUL - According to the Turkish Statistical Institute's (TurkStat) Income and Living Conditions Survey, the richest 20 percent of Turkey's population earned 7.7 times more income than the poorest 20 percent in 2013 and 8 times more in 2012.
Courtney A

Reagan Speechwriter: Trump's Tax Plan 'Most Faithful to Supply-Side Principles' - 0 views

www.weeklystandard.com/...y-side-principles_1038712.html

supply side

shared by Courtney A on 30 Sep 15 - No Cached
  • Caroline A on 30 Sep 15
     
    Former Ronald Reagan speechwriter Jeff Bell found a lot to like in Donald Trump's tax plan. 'Trump's plan for tax reform is the most populist so far seen among the presidential candidates. It is also the most faithful to supply-side principles,' Bell contends.
  • Courtney A on 02 Oct 15
     
    Donald Trump, a U.S. presidential candidate and businessmen, holds the highest popularity in the polls, and is well-liked by Republicans because of his vision for economic reform that reflects ideals of President Ronald Reagan. Reagan believed that by lowering taxes on the wealthiest, the money would "trickle down" to the lower classes.
beckfelix

Australia and Indonesia by the numbers: how do they compare? - 0 views

www.theguardian.com/...he-numbers-how-do-they-compare

economics trade money politics

shared by beckfelix on 16 Feb 15 - No Cached
  • beckfelix on 16 Feb 15
     
    "With an estimated population of 249.9 million in 2013, Indonesia's population is almost 11 times larger than Australia's 23.1 million. With an estimated population of 249.9 million in 2013, Indonesia's population is almost 11 times larger than Australia's 23.1 million." Here we see how two countries are being compared using skills we learnt this week
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