Many people have compared the United States to Greece in terms of government debt. Is that a fair comparison? https://www.youtube.com/watch?v=EBaftlij1NA … [Read more...]
Archives for June 2016
What next? Economic implications of Brexit
BRITAIN STUNS WORLD WITH VOTE TO LEAVE E.U. is the headline on the New York Times homepage. Stock markets plunged, the values of the pound sterling and of the euro relative to the dollar fell sharply, and Prime Minister David Cameron announced he would resign by October. So, where do we go from here? I'll discuss this question with Roshini Rajkumar on WCCO Radio this Sunday at 12:35 CDT. For now, three items bear watching in the coming days and weeks. Article 50 You’ll hear this … [Read more...]
First things first: start with pre-K education
Bernie Sanders announced in the first Democratic debate, “In my view, what we need to do is… make every public college and university in this country tuition free.” Sanders’s gusto, however, has been met with commensurate acrimony from Republican - and even some Democratic - lawmakers. Opponents argue that eliminating college tuition would allow more underprepared students to be admitted to college and hence reduce graduation rates. Even presumptive Democratic presidential nominee Hillary … [Read more...]
Germany and the EU
Have you ever wondered why Germany seems to be so important in the European Union? Watch this video where Dr. Louis Johnston explains Germany's relationship with the European Union. https://www.youtube.com/watch?v=-MUMvQaQsgg&feature=youtu.be … [Read more...]
Inflation! Debasement! May Edition
Check out the inflation update originally posted here. Image: Hyperinflation-era German currency Source: Flikr Creative Commons Welcome back to the monthly inflation! debasement! update. We’re keeping track of that nefarious phenomenon of which Speaker of the House Paul Ryan warned that, no matter what the data tell us, accelerating inflation and a depreciating currency are just around the corner. Here are the latest data through May 2016: Inflation: same as in April and March. … [Read more...]