volume-of-currency-in-circulation

The War on Cash

Dr. Kenneth Rogoff, PhD from MIT, says that the Federal Reserve should reduce the amount of cash in the economy to fight crime: It’s time to reduce the amount of physical cash floating around the globe to help combat tax… Read More ›

Recent Posts

  • And by historic, they mean “criminal”.

    raiders

    In a ‘historic’ vote on Saturday: The Nevada State Assembly voted in favor of a $750 million public-funding package to build a new stadium and with the hope of moving the Oakland Raiders to the state. The vote passed 28-13,… Read More ›

  • Idiocracy came true

    Canecaldo has some sobering news about this year’s presidential election: Today I bought a Powerade and my boss (another 20s man) said, “Need some electrolytes? Plants crave electrolytes.” “I’m not drinking anything from a toilet, that’s for sure!” The Suicide… Read More ›

  • The End of Obamacare

    The end is near for Obamacare, as Aetna drops out: Aetna (NYSE: AET) is sharply cutting its participation in Obamacare exchanges for 2017. The health insurer said it will offer individual Affordable Care Act exchange plans in just four states, down… Read More ›

  • Big salaries for New Graduates

    Majors & Salaries

    If they pick the right major, that is.  STEM good, social sciences/humanities/liberal arts/education bad.  And business MEH. From Investors.com: Grads whose specialty is petroleum engineering could touch six-figure territory at the outset of their careers, while those involved in early childhood… Read More ›

  • This is why I don’t listen to PhDuh economists

    PhDuh

    Take a close look at the graph in this tweet. See the end there?   After a short period where the Labor Force Participation Rate was increasing, it started downward again.  But the PhD economist who put together this graph couldn’t… Read More ›

  • Something’s rotten in Detroit.

    Domestic Auto Production and Sales

    And I’m not talking about the Lions, Pistons, Red Wings, and Tigers.  The St. Louis Fed has reported that domestic auto production rose in February to 337,900 vehicles.  I was curious, so I looked up domestic auto retail sales and… Read More ›