Tag: economics

10 Myths About Government Debt

10 Myths About Government Debt

ANTONY DAVIES: Myths about the government debt. Myth number one, the government owes 20 trillion dollars. How much is 20 trillion dollars? Suppose you go to Germany, and in Germany, you go to every town. In every town, you visit every store. In every store, you look at every shelf and grab everything that is …

Hamilton v. Jefferson: The Central Bank Debate [POLICYbrief]

Hamilton v. Jefferson: The Central Bank Debate [POLICYbrief]

One of the core problems that Hamilton realized having lived through the Revolutionary War with George Washington on the battlefield was the inability of the Continental Congress to raise the requisite amount of funds to help feed and fund the army in battle, and he never wanted to go back to that. And so, Washington …

Financial Crisis 2012 European Banking System Bailout by the Federal Reserve

one of the things that were talking about when it comes to the dow jones and the world-wide financial crisis is that back in two thousand eight stock market penny dot com understanding that the bloom from the housing market was going to have bust is what it would look like and are thirty-six month …

Trump Banking Scandal EXPOSED

Trump Banking Scandal EXPOSED

>>DONALD TRUMP SAID DURING THE CAMPAIGN THAT HE WAS GOING TO BE TOUGH ON THE FINANCIAL INDUSTRY. WHY DID HE SAY THAT? BECAUSE HE KNOWS THAT SOUNDING LIKE A PROGRESSIVE ACTUALLY GETS YOU A LOT OF VOTES. HE THREATENED TO TAKE AWAY LOOPHOLES THAT HEDGE FUND GUYS HAD. DID HE ACTUALLY TAKEN AWAY? NO, HE …

How these employers are adapting to the needs of an aging workforce

How these employers are adapting to the needs of an aging workforce

JUDY WOODRUFF: As older workers are making up more and more of the labor force, employers are taking notice. Paul Solman has the story. It’s part of our Making Sense series Unfinished Business. BRENDA PHILLIPS, Project Administrator, Trane: So, I’m practicing to be retired, is what I tell people. PAUL SOLMAN: Sixty-six-year-old Brenda Phillips still …

Power of Banks vs Democracy

Power of Banks vs Democracy

Whenever there’s a big decision to make about the future of the UK, the news cameras will be focused on the people in Parliament. But here’s a question for you; what if those news cameras are pointing the wrong way? Do politicians really have that much power these days? And if they don’t, who’s making the decision that …

Robert Reich: 6 Reasons for Hope in Trump Times

Robert Reich: 6 Reasons for Hope in Trump Times

In these darkest of days, here’s what gives me hope: First: Donald Trump has been a giant wake-up call that we can’t take democracy for granted. The young people of America get this. I’ve been teaching for 40 years and I don’t recall a generation as committed to social justice, reforming this country, and making …

How money gets destroyed – Banking 101 (Part 6 of 6)

How money gets destroyed – Banking 101 (Part 6 of 6)

Part 6: How money gets destroyed Remember how new money is created when a bank makes a loan? Well, when someone repays the loan, the opposite process happens and money is actually destroyed. It effectively disappears from the economy entirely. This is vitally important, because it means that if we, the public, start reducing our …

Peter Wadhams on Our Last Ditch Hope

Peter Wadhams on Our Last Ditch Hope

DR. PETER WADHAMS: If there’s anybody left alive at the end of the century to write the history of the 21st century, Trump will be one of the biggest villains. But the trouble is, withdrawing from the Paris agreement encourages everybody else to withdraw as well. And that helps to ensure that we’re going to …

Keith Chen: Could your language affect your ability to save money?

Keith Chen: Could your language affect your ability to save money?

Translator: Timothy Covell Reviewer: Morton Bast The global economic financial crisis has reignited public interest in something that’s actually one of the oldest questions in economics, dating back to at least before Adam Smith. And that is, why is it that countries with seemingly similar economies and institutions can display radically different savings behavior? Now, …