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Todd Suomela

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

  • 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.
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    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.
beckfelix

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

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    "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
caelanho

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

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    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

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    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.
Weiyun L

The return of the supply side - 0 views

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    For the last five years Republicans have valiantly tried to blame the economy's problems on supply rather than demand. Excessive government intervention, regulation and uncertainty have raised businesses' costs and discouraged them from hiringnd extended unemployment benefits has discouraged many from working.
gmyklestad

U.S. Imposes New Sugar Tariffs, but Pact May Negate Them - 2 views

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    The article evaluates the impact on US tariffs on Mexican Sugar. However, the article debates whether the impact on price is more important than protecting local industry.
francisco97

U.S. Imposes Steep Tariffs on Importers of Chinese Solar Panels - 0 views

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    This article is about how the USA decided to impose tariffs on Solar Panels importer firms earlier than expected, meaning that this aims to reduce imports and increase national production and leading to increasing exports.
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