The Washington Post is calling it a “New day of carnage” as US markets open with the Dow Jones Industrial Average (DJIA) dropping more than 1,000 points, along with many other stocks and commodities in markets around the world. “Black Monday” is trending on twitter, referencing the phenomenon. It is the largest global sell off since the financial…...
While debtors, creditors, and economists focused on the Greek debt crisis, a report by European Commission President Jean-Claude Juncker with the heads of four other EU institutions went almost entirely unnoticed. Juncker proposes a predictably awful strategy for solving economic problems, greater centralization of power over the currency union’s economies. It recommended “quick fix” steps that could be…...
I remember I had an aunt once who was very sick with cancer. She had already been through one round of chemotherapy, during which the cancer had continued to spread, and so the doctors had recommended a more aggressive treatment which would have had harsher side effects. They assured my aunt that were she not…...
When a welfare state run amok borrows in perpetuity to give free stuff to citizens who aren’t paying taxes, what do you call that? When anybody who has bothered to take a single lesson in economics can tell you that this is completely unsustainable, but banks, corporations, and governments continue to lend them money on the expectation that some…...
Cantwell's Secret Stash Radical Agenda EP014 - Heroes, Villains, and The Iron Bank Play Episode Pause Episode Mute/Unmute Episode Rewind 10 Seconds 1x Fast Forward 30 seconds 00:00 / Subscribe Share RSS Feed Share Link Embed Download file | Play in new window | Recorded on June 5, 2015 | Download transcriptJeff Deist, President of...