Archive | March, 2012
Rich Asians Buying Real Estate By Helicopter
Posted on 30 March 2012.
Posted in Housing Bubble20 Comments
Effects of Low Interest Rates – Part 1
Posted on 26 March 2012.
Lowering interest rates can potentially boost economic activity as it increases both speculation and exports by devaluating the currency. Its effects, are artificial and temporary, at best. New growth caused by cheaper money must come from somewhere, and as I pointed out in another article “Fiat Currencies” this money comes at the expense of the […]
Posted in Housing Bubble, US Dollar Collapse425 Comments
Why Unions are Bad – A Quebec Case Study
Posted on 08 March 2012.
Unions are considered advantageous to the worker, since their main functions include pushing for higher worker’s salaries and benefits. This, unfortunately, is an illusion: the extra jobs that must be created to administer the unions and the power that some unions acquire outweigh any benefits to the worker in hindsight with the whole local economy. […]
Posted in Housing Bubble1,715 Comments
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