Category Archives: Economics

Blockchain: The Ingenious Basis of Bitcoin

Most of our financial transactions are managed by centralized institutions like banks and credit card companies. These companies have controls in place to manage digital transactions, so (for instance) no one can spend the same dollar twice. If you have … Continue reading

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GameStop Short Squeeze: Small Investors Sting Wall Street Hedge Funds

If you think the price of a stock is going to go up, you can buy shares and wait for the price to go up, then sell the shares to someone else. This is called being “long” a stock. But … Continue reading

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Central Banks, Interest Rates, and Zombies

In 2013 I wrote an Overview of the U. S. Monetary System   describing what money is and how it is created; interactions of the Treasury, the Federal Reserve, and commercial banks; and government and trade deficits. Much of this … Continue reading

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Some High Yielding Investments

Individuals choose to save money for a variety of future expenditures, such as purchase of a car or a house, college costs, or retirement. It makes sense to allocate these savings into assets which grow in value with time or … Continue reading

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Folding and Electric Scooters and Bikes for Commuting the Last Mile

Many urban rapid transit systems have stations about a mile (1.6 km) apart. This leaves much of their service area a mile or more from the stations. Helping users to traverse this distance between the stations or bus stops and their … Continue reading

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Adventures in High-Yield Investing

On a different topic than the usual science-and-faith…Over the New Year’s holiday I reflected on how ten years from now I will likely be retired and living largely off the returns of whatever I have been able to invest by … Continue reading

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Understanding the Monetary System

This post is to introduce a tutorial which is posted up top as Monetary_System. It describes the workings of the our modern fiat monetary system, which differs significantly from the gold standard upon which classical economics theory was based. Many economics … Continue reading

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Ugly Map of European Unemployment

The Swedish economics blog Flute Thoughts has posted this map of 2011 employment by region in Europe: [I first saw this as a cross-post in Zerohedge].  This map calls attention to the differences between the “core” and “periphery”. On a country-by-country … Continue reading

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Euro Debt Update: Backdoor ECB Bailout Buys Some Time

A month ago we posted on the dynamics of the sovereign debt crisis in Europe. The BBC has published   a handy flowchart with graphs that explains the origins of the problem. It all goes back to the decision of countries (originally … Continue reading

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Playing Chicken With Euro Debt: Why You Might Want To Get Your Money Out of Bank of America

A year ago we posted Why Is This Recession Dragging On? . There we noted that the key domestic problem is the high debt levels of private households, due primarily to the housing/mortgage boom and bust.  In 2008 to mid-2009 there was a … Continue reading

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