A national bank is an essential part of this nations economy! It can further strengthen the ties between rich Americans and the federal government.1 It has stabilized this nations economy, united the country, and improved trade between the colonies.
The Shift In The Economy
Many of the jobs in President Bush’s “recovery” are low-wage, low-benefit service and retail jobs. The overall growth in jobs masks a harsher reality for families trying to maintain or build a middle class standard of living.
Key among them: debt coupled with paycheck paralysis.
Most people coming out of college with or without a degree are starting life off with about $20,000 in debt trying to get a degree.
Then they try to support themselves on low wages after gett…
The Function of Money and its Future
A look at money and its evolution from barter to E-currency.
Market Failures And Business Cycles (Part 1)
The following is the most comprehensive ever explanation to the most mysterious phenomenon of Capitalism the Business Cycles. In order to ensure that the article can be read by any well educated reader, I have minimized the economics jargon and have added a short and simple introduction to the structure of the economy. Each and every one of us would be interested to know as to why we cannot have a paradise on earth. Why is it that we are often besieged by such painful downs…
Market Failures And Business Cycles (Part 2)
Continued from Part 1 ….
Something reverse can happen which would be even more damaging than the just discussed case. Instead of Consumption growing at a faster rate than Savings, it might so happen that Savings and Investment grow at a much faster rate than Consumption. For example, prior to Great Depression, the importance of aggregate demand as explained by Keynes was not understood. As a result government policies normally favored huge Investments and were not geared…
Is this Indias finest hour?
Travelling around India this month, in blinding contrast to the evident levels of stark poverty that can be seen in a great number of its citizens, something in the air tells one that India is pulsing with energy for change. For throughout the next half a century India will be seen to emerge as one of the worlds most successful economies and will rightfully seat itself as a new world power.