Showing posts with label money. Show all posts
Showing posts with label money. Show all posts
Mike Bird: This Is How A Central Bank Could Kill Off Cash And Bring In Negative Interest Rates On Your Savings
A bank may not be the best place for your money. Since the financial crisis, the world's understanding of economics has been undergoing a lot of rapid change. Ideas that would have been considered crazy just a decade ago are now seen as much more likely. One of those ideas is that central banks could bring in negative interest rates. ... MORE
Scott Sumner: Milton Friedman Saw The Euro Crisis Coming
He predicted Europe's current problems 17 years ago. Among the general public, Milton Friedman is mostly remembered for the libertarian views outlined on his PBS show Free to Choose. Among economists, he is best known for his monetarist position on Fed policy. What's less well known is that he was also a soothsayer, ... MORE
Labels:
crisis,
economics,
Europe,
European Union,
libertarian,
monetary,
money,
money supply,
reason
Joseph T. Salerno: Why Government Hates Cash
Overlords favor supervised spending. In April it was announced that Greece was imposing a surcharge for all cash withdrawals from bank accounts to deter citizens from clearing out their accounts. So now the Greeks will have to pay one euro per 1,000 euros that they withdraw, which is one-tenth of a percent. It doesn’t seem very big, but the ... MORE
Peter Schiff: Currencies Depend On Faith, Gold Doesn’t
Considering the intrinsic value of paper. In his July 17th Blog, Let’s Get Real About Gold, author and Wall Street Journal columnist Jason Zweig likened investor interest in gold with the “Pet Rock” craze of the 1970’s, when consumers became convinced that a rock in a box would provide continuous companionship, elevate their social standing, ... MORE
Snoop Dogg Learns One Reason Bitcoin Is Better Than Cash
by Nuno Menezes. Combating civil asset forfeiture. Calvin Broadus AKA Snoop Dogg recently had another encounter with European authorities. This Saturday, Snoop Dogg was taken by surprise by the financial police in southern Italy while carrying $422,000 in cash, an amount which needs to be declared to be legally transported across European Union ... MORE
Labels:
asset forfeiture,
Bitcoin,
civil forfeiture,
currency,
incentives,
individual liberty,
money,
travel
Walter E Williams: Historical Ignorance II - The Real Lincoln
We call the war of 1861 the Civil War. But is that right? A civil war
is a struggle between two or more entities trying to take over the
central government. Confederate President Jefferson Davis no more sought
to take over Washington, D.C., than George Washington sought to take
over London in 1776. Both wars, those of 1776 and 1861, ... MORE
How Bitcoin Can Save You During A Financial Crisis
by Robert Taylor. A little rebellion. What would you do if the US government suddenly
announced a bank holiday, limits or bans on ATM withdrawals or other
types of cash and capital controls? Or implemented a “bail-in” where
part of your bank deposits were used to further pyramid debt and save an
oligarchical financial system? Is there any doubt ... MORE
John Stossel: Mankiller Money?
PC money. A woman will be on the new $10 bill, bumping Alexander Hamilton
aside. Treasury Secretary Jack Lew says he will choose the woman by
year's end, based on "input from the public." In one survey of the "public," the first female chief of the Cherokee
Nation, Wilma Mankiller, placed fourth. I understand the wish to
counter ... MORE
Labels:
Bitcoin,
currency,
government,
housing,
indian affairs,
money,
political correctness,
politics
The Perfect Woman For The $10 Bill: Ayn Rand
She understood the root of money is you. Perhaps my favorite character in all of literature is Ayn Rand’s Francisco Domingo Carlos Andres Sebastián d’Anconia from her novel Atlas Shrugged. The descendant of long line of industrialists and sole heir to his family’s fortune, Francisco flouts the idea that money destroys by working to be worthy of his ... MORE
Labels:
Ayn Rand,
capitalism,
ethics,
individual liberty,
individualism,
money,
philosophy,
production
Keith Weiner: They’re Coming To Take Away Your Cash
Do banks serve you or politicians? The stories are all over the Internet. Governments are forcing us into a cashless society. Supposedly the pretext is terrorism, and the real reason is to take more control. No doubt more power appeals to politicians, and banning cash seems like the next step after mandatory reporting of cash transactions. ... MORE
When It’s A Crime To Withdraw Money From Your Bank
by Josh Barro. Dennis Hastert has not been indicted on a charge of sexual abuse,
nor has he been indicted on a charge of paying money he was not legally
allowed to pay. The indictment of Mr. Hastert, a former House speaker,
released last week, lays out two counts: taking money out of the bank
the wrong way, and then lying to the F.B.I. about ... MORE
Labels:
banking,
blackmail,
government,
individual liberty,
money,
overreach,
regulation,
self-interest
Rick Ungar: The Prospect Of A Cashless Society Contemplating Ultimate Surrender To Government Control
Government's end game. Denmark, known to be the “happiest” nation on the planet, has a long and storied history of providing its citizens with a strong social safety net—a system designed, in the words of the nation’s official website, to provide its people with “the necessary material framework for living a reasonable life.” Yet, a ... MORE
Manny Pacquiao Perpetrates Fraud, Commits Perjury In Order To Cash In On Huge Payday, Risks Disciplinary Action
We expect politicians to lie, but boxers? Manny Pacquiao faces a potential lawsuit after failing to disclose a shoulder injury before his defeat by Floyd Mayweather. Pacquiao will spend up to a year on the sidelines as he prepares to undergo surgery on his torn rotator cuff, an injury he suffered in training. But the Filipino star could also be ... MORE
Income Tax Makes States Radioactive To Sports Stars
by Travis H. Brown. Add Ndamukong Suh to the
ever-growing list of professional athletes who are bidding farewell to
their high-tax home state in favor of sunnier economic climates. Suh –
considered one of the top-two players in free agency this season – is leaving Detroit for Miami. By doing so, the defensive tackle will give himself a significant tax ... MORE
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