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By Thinking Out Aloud on Jul 16, 2019 in: economics
Former libertarian, now progressive, Will Wilkinson has a report up on the rural urban divide in US politics (pdf), connecting the concentration of economic production in a service economy in megacities, sorting by migration and internal mo...
By Boing Boing on Jul 16, 2019 in: economics
Modern Monetary Theory is the latest incarnation of chartalism, the economic theory that holds that government spending -- and a federal jobs guarantee -- doesn't create inflation, so long as the spending is on things that the private sector isn't bu...
Bitpoint said in a notice on its website that it has “identified an unauthorized outflow of virtual currency." According to Remixpoint, Bitpoint’s parent company, $23 million of the stolen funds belonged to customers.Read more here. Read...
By Boing Boing on Jul 10, 2019 in: economics
Not much detail, as the paper that makes the claim is only available at present to American Economic Association members; but in Did Austerity Cause Brexit? University of Warwick economist Thiemo Fetzer asserts that he found a "significant associati...
The United States is still the richest nation on Earth, and one might think that would mean all of its citizens are benefitting from that. Unfortunately, that's not true. It's not true because too much of that wealth and income is in the hands of jus...
The Republicans have been conning the American people with their economic policy for a long time now.The policy is commonly called "Trickle-Down" economic theory. It says that the way to a better economy for everyone is to give more to the rich. They...
By Thinking Out Aloud on Jul 7, 2019 in: economics, history, money
This is based on a comment I made here:Milton Friedman suggested that the pre-1873 mix of silver standard, gold standard, and dual standard countries was possibly more stable than having almost all the major countries on the gold standard. I th...