Fear the Boom!
This entertaining video focuses on the views of well know economist Hayek on the Boom and Bust cycles.
Archive for November, 2011
Will there be a Quantitative Easing 3?
Quantitative easing. The irony of such a concept is that to the uninitiated in economics, quantitative easing would be perceived as something good for our system, when in reality it undermines our economy by preventing it to function as a free market. A quantitative easing program is but a more sophisticated way of saying “money [...]
Fiat Currencies: The Demise of our Economic System?
Up until 1971, real money was known as gold and silver bullion and coins. With the help of Richard Nixon’s abolishment of the gold standard (Breton –Woods agreement, 1971), today our money is known as fiat currency, which has been adopted by every country in the world. Gold as money has existed for over 5000 [...]