mises.org In March 2009, in the midst of recession, then Treasury secretary Timothy Geithner was pressed to respond on the question of whether or not another currency – possibly the IMF’s special drawing rights (SDRs)—might displace the US dollar as the dominant global reserve currency. Geithner responded that
Sir Bob Jones nopunchespulled.com The latest IMF Current Account Ratings forecasts that our current account deficit will be proportionally the largest of the world’s 40 most advanced economies. Specifically, the IMF said it would be worse than notorious cot cases such as Greece and ranks us the 3rd
The IRD and the Government have released a report that shows the wealthy in New Zealand pay an effective tax rate of half that which ordinary wage and salary earners pay. Missing from the media and the report is the fact that this is all entirely legal and that none
PA Pundits – International House Republicans want to tie a new ceiling to some sensible spending cuts, but our nation’s historically profligate president seems unwilling to negotiate. Remember why the American people elected Joe Biden in 2020? Remember how he got those, er, 81 million votes? We’ll give you
endoftheamericandream.com We are in the early stages of a global economic collapse, and people all over the globe are getting extremely angry. Here in the United States, higher prices are an inconvenience, but in other parts of the world higher prices can mean the difference between feeding your family
Peter J Morgan Peter J Morgan BE (Mech.), Dip. Teaching – professional forensic engineer, retired economics, mathematics and physics teacher Part 13 of 18 The social conditions prevailing in the Kingdom of England and Wales at the very beginning of the 18th century were such that the parliament of the Kingdom
Jing Zeng Assistant Professor of Digital Methods and Critical Data Studies Utrecht University Daniela Mahl PhD student at the Department of Communication and Media Research (IKMZ) University of Zurich The last few years have seen the West swept by political polarisation, much of which has played out online. Debates around
Peter J Morgan Peter J Morgan BE (Mech.), Dip. Teaching – professional forensic engineer, retired economics, mathematics and physics teacher Part 12 of 18 There is an eminently viable alternative to the present banking and monetary system, known as a full Sovereign Money system, an early advocate for which was Nobel
Labelled the crypto winter, the cryptocurrency market went through a rollercoaster ride last year. In 2021, riding on the crypto frenzy wave, the poster boy of the crypto industry, Bitcoin, soared to an all-time high of US$65,000 in November 2021, but then plummeted to a low of US$
“Because gold is honest money it is disliked by dishonest men.” Ron Paul Buying physical gold is a time-proven method of securing generational wealth, and a security measure often taken in times of economic turbulence. Gold investing has long been viewed as a hedge against inflation and a store of
Every time Grant Robertson, as Minister for Finance, opens his mouth about the economy, the word Covid pops up. When I hear those two words in the same sentence, I cringe. To my mind, Covid is a bad word, not because I think it will kill me, but because it
The ANZ Chief Economist is a scold, ticking us off in a tone-deaf article at Stuff for not saving for a rainy day. This is called rich-splaining, when a person who has never experienced poverty gives you patronising advice on how to get yourself out of poverty. There’s a
Peter J Morgan Peter J Morgan BE (Mech.), Dip. Teaching – professional forensic engineer, retired economics, mathematics and physics teacher PART 11 of 18 As described in Part 9 of this article, the unprecedented announcement by the UK government that it would create huge sums of money ex-nihilo and spend it
There’s a term in economics, the precautionary savings motive, which refers to the point where consumers see enough trouble on the horizon that they start holding onto their cash for a rainy day. ANZ chief economist Sharon Zollner said Kiwis still have not reached that point, despite repeated warnings
Peter J Morgan Peter J Morgan BE (Mech.), Dip. Teaching – professional forensic engineer, retired economics, mathematics and physics teacher PART 10 of 18 One of the first actions of the first New Zealand Labour government (1935-1949) was to nationalise the RBNZ. The first New Zealand Labour Government then instructed the
