Category Archives: Money Monday

Detroit, Facing Bankruptcy, Refuses to Pay $2.5B in Debts

Posted on by Barry Donegan

Detroit, Michigan used to be a symbol of American industrial might. Once home to a substantial portion of the nation’s auto industry, Motor City has slipped into economic free fall after decades of government intervention into the economy. Public sector … Continue reading

Posted in Money Monday | Tagged , , , , , , | Comments on Facebook

Real Economic Data: Unemployment 22%, Inflation 9.3%, GDP Dropping

Posted on by Barry Donegan

The TV talking heads and government bureaucrats ramble incessantly about the rosy recovery Americans have allegedly been experiencing since the crash of 2007. In the real world, however, household wages have dropped for years on end, while prices have surged. … Continue reading

Posted in Monetary Policy, Money Monday, United States | Tagged , , , , , , , | Comments on Facebook

The Economics of Recess

Posted on by Davi Barker

It’s a bit of a blast from the past but you’ve got to check out this old episode of Disney’s Recess. The series followed six fourth graders, T.J. Detweiler, Ashley Spinelli, Vince LaSalle, Gretchen Grundler, Mikey Blumberg and Gus Griswald. Think … Continue reading

Posted in Money Monday | Tagged , , , | Comments on Facebook

Feds shut down Liberty Reserve for money laundering

Posted on by Davi Barker

Last week Federal prosecutors seized LibertyReserve.com and four other related domain names, shutting down the site. The site’s founder, Arthur Budovsky Belanchuk (who renounced his US citizenship in 2011 to become a Costa Rican citizen), was arrested last Friday. //

Posted in Money Monday, Uncategorized | Tagged , | Comments on Facebook

$44.6 Billion: The unseen cost of US war dead

Posted on by Davi Barker

Many analysts have criticized US aggression in Iraq and Afghanistan by comparing them to Vietnam. As the saying goes, even if the US won every battle, they lost the war. It’s a little different than Vietnam in that the US … Continue reading

Posted in Money Monday | Tagged , , , , | Comments on Facebook

Bitcoin is going mainstream

Posted on by Davi Barker

I came across this video about the Kreuzberg district of Berlin, Germany where Bitcoin is not just an internet currency, but it’s become a thriving part the local economy. Nadim Chebli owns a record shop and recalls the first time … Continue reading

Posted in Money Monday | Tagged , | Comments on Facebook

IRS, Treasury to Attempt Taxing Bitcoin Transactions

Posted on by Barry Donegan

Recently, digital currency bitcoin shocked investors by exploding into the financial mainstream. No longer just the bartering tool of tech-savvy voluntaryists, this digital alternative to the dollar is being embraced by people around the world for its relative strength and … Continue reading

Posted in Monetary Policy, Money Monday, United States | Tagged , , , , , , | Comments on Facebook

Silk Road Haters Gonna Hate

Posted on by Davi Barker

The Silk Road is an online marketplace specifically designed for cryptography enthusiasts. The chattering classes will call it an Amazon for guns and dope, and surely those things are available, but you can bet most of the commentators have never … Continue reading

Posted in Money Monday | Tagged , , , | Comments on Facebook

Congress Buys Unwanted Tanks to Please Campaign Contributors

Posted on by Barry Donegan

From a constitutional standpoint, national defense is arguably the government’s most important responsibility. However, former President Eisenhower warned us that defense contractors might get too addicted to government welfare in such a way as to create a military-industrial complex, where … Continue reading

Posted in Money Monday | Tagged , , , , , , | Comments on Facebook

Gold crash or gold rush?

Posted on by Davi Barker

The price of gold went a little haywire at the beginning of this month, and it turns out it wasn’t an April Fool’s joke. The price crash has caused a bit of a panic, including long lines all over the … Continue reading

Posted in Money Monday | Tagged , , , | Comments on Facebook ← Older posts Newer posts →