Why people pay higher prices for some goods versus other goods?
byBy Dr Frank Shostak Why do individuals pay higher prices for some goods versus other goods? The common reply to this is the law…
Economics
Why Marx Was Wrong about Workers and Wages
byBy Allen Gindler One of the central tenets of Marxism is the labor theory of value, which states that the value of a commodity…
The war over so-called Price Gouging
byWritten By Maxwell Marlow Readers will excuse me for prompting them to delve into their pandemic memory hole, but isn’t it glad to be able…
Why the Crony Class Loves Artificially-Low Interest Rates—And Why You Shouldn’t
byBy Artis Shepherd In our bureaucratically-managed economy, financial prosperity increasingly depends on how close one can position himself to the dissemination of newly-created money….
Zero Hedge: Yield Curve Shifts Offer Signals For Stockholders
byAuthored by Michael Lebowitz via RealInvestmentAdvice.com, The level of U.S. Treasury yields and the changing shape of the Treasury yield curve provide investors with…
The present monetary system is heading for a breakdown
byBy Dr Frank Shostak By popular thinking a growing economy requires a growing money stock on the ground that economic growth gives rise to…
John Kenneth Galbraith’s The Great Crash, 1929: A Retrospective
byBy Russ Lemley The New Deal has been a key driver behind how the Democratic Party justified its hold on political power in the…
Markets Quake as Monopolist Capital Pursues a Technological Coup
byBy Brendan Brown A serious omission is notable in the circulating list of suspects responsible for the early August quake in global risk-on markets….
The Fed is holding interest rates steady. This won’t last much longer.
byBy Ryan McMaken The Federal Reserve’s Federal Open Market Committee (FOMC) announced today that it will maintain the current target policy interest rate (the…
Upcoming Artificial Intelligence Projects at the Cobden Centre
byAt the Cobden Centre we have done a number of interesting projects on AI over the years, including organising and moderating the artificial intelligence…