A farm worker greets Josef Stalin at his potato farm. “Comrade Stalin, we have so many potatoes that, piled one on top of the other, they would reach all the way to God,” the farmer excitedly tells his leader. “But God does not exist,” replies Stalin. “Exactly,” says the farmer. “Neither do the potatoes.”
By Dr. Noelle Nelson | June 01, 2018 There’s a fascinating concept in economics called “Pareto’s Law,” or the “80/20 Rule.” In a nutshell, a 19th century economist, Vilfredo Pareto, noticed that 20% of the people owned 80% of the land, and similarly that 20% of his peapods produced 80% of his peas. Much later, Joe Juran,… Read More »
By Martin Hahn | May 31, 2018 Thomas More (1477 – 1535) published the very first formal utopia. He imagined a complicated, self contained earth established on an island, in which communities shared a typical culture and way of living. More ‘s Utopian society is actually communal. Every family can make a clothes and a trade is learned… Read More »
(BPT) | May 30, 2018 – School closing for the summer may mark lazy days for kids, but local businesses are bracing for peak season. With unemployment at a 17-year low, and a record 6.6 million job openings reported at the end of March, it’ll be tougher than usual to serve the seasonal boom of… Read More »
By Harrington A Lackey | May 30, 2018 Copper pennies have recently become the new “precious” metal, worth a whopping 2 cents per coin. It’s nothing like the high value of gold, nor the lower value of silver, but copper has many desperate investors turn to the lowly penny for potentially huge future profits. But what the… Read More »
(NewsUSA) | May 29, 2018 – For America’s agricultural producers, springtime means planting season – and soybeans are on the agenda. According to the USDA, the U.S. is currently the world’s leading soybean producer. As farmers work to get those soybeans in the ground this year, there are global issues weighing on their minds. The… Read More »
By Chris Bouchard | March 29, 2018 Today’s marketplace is competitive, especially as the traditional system takes a backseat to the global economy. Practices such as international money exchange, offshore investments, and outsourcing opportunities are constantly changing the financial landscape- some for the better, and others for the worse. But there are still opportunities, right?… Read More »
By Martin Hahn | May 21, 2018 Jan Tinbergen, (born April twelve, 1903, The Hague, Netherlands. – died June nine, 1994, Netherlands), Dutch economist observed for the development of his of econometric models. He was the co-winner (with Ragnar Frisch) of the very first Nobel Prize for Economics, in 1969. Tinbergen was the brother of… Read More »
By Eugene Vollucci | May 21, 2018 The Federal Government is moving ahead with monetary tightening. Several risks are rising, in our view. First, the risk of an escalation in trade tensions, with the investigation into Chinese intellectual property practices. Second, risks in the Middle East are rising again. Third, rising tensions with European countries could… Read More »
By Martin Hahn | May 20, 2018 F.A. Hayek, also known as Friedrich A. Hayek, in total Friedrich August von Hayek, (born May eight, 1899, Vienna, Austria – died March twenty three, Germany), Freiburg, 1992, Austrian born British economist noted for the criticisms of his of the Keynesian welfare state and of totalitarian socialism. In 1974… Read More »