CAPITALISM: You have two cows. You sell one and buy a bull. FASCISM: You have two cows. The State takes both of them and sells you the milk, and you cannot refuse to buy. SOCIALISM: You have two cows. The state takes one and gives it to someone else. COMMUNISM: You have two cows. The… Read More »
By Benjamin J. Cohen | August 22, 2018 Venezuela recently announced one of the most dramatic currency reforms in history in a move that essentially devalues the bolivar by about 95 percent. Its ironically named bolivar fuerte, meaning “strong,” first introduced 10 years ago, will be replaced by a new “sovereign” version at a conversion… Read More »
In 138 BC China took its first step towards global connectivity with the establishment of the historical Silk Road. Zhang Qian was sent by Emperor Wudi to Central Asia to establish trade relationships. His historic missions enabled China to make contact with the outposts of Hellenic civilisation established by Alexander the Great. These efforts enabled… Read More »
Greece nearly crashed out of the eurozone in 2015. Bill Anastasiou / Shutterstock.com By Dimitrios Syrrakos | August 20, 2018 After nine years of unprecedented peacetime economic hardship, Greece exits its IMF bailout programme on August 20. So ends a series of three bailouts organised by the so-called troika of the IMF, European Central Bank… Read More »
(NewsUSA) |8/19/2019 The 2017 Reform Act of 2017 is starting to gain traction as former United States Congressman Mark Schauer (MI-07) suggest that the “Opportunity Zones created under the tax bill incentivize capital flow to businesses in low-income neighborhoods all over the nation. Investment of even a portion of unrealized capital gains will have an… Read More »
A bartender pours drafts at Harpoon’s beer hall in Boston. Harpoon became partially employee-owned in 2014. AP Photo/Charles Krupa By Joseph Blasi and Douglas L. Kruse | By August 15, 2018 The federal government just made it a lot easier to form an employee-owned business. In an increasingly rare example of bipartisan cooperation, President Donald Trump… Read More »
By Kevin Judge | July 27, 2018 Economist Arthur Laffer’s “Laffer Curve” became a foundational principal of the so called “Supply Side Economics” embraced by conservatives in the 1970’s and 80’s. With a name like Laffer Curve, the jokes write themselves. That’s how liberals and liberal economists treated it, as a joke. At the time,… Read More »
By Kevin Judge | July 25, 2018 If Trump is in Putin’s pocket, he has a funny way of showing it. The announcement yesterday that the European Union will purchase $150 Billion in American Natural Gas was hardly good news for the former KGB officer. Every penny comes out of the pockets of Putin and… Read More »