Inflation “robs millions of citizens who in their desire to be self-reliant have set aside funds for the education of their children or their own retirement, and it hits many of the poor and elderly especially hard.”
The United States 11th among the 159 countries and territories surveyed.
With inflation ticking upward in 2017, retirees are likely to see the largest cost-of-living adjustment in their Social Security benefits since 2011.
David Ricardo’s classic book extolling free trade turns 200 years old this year. Its rediscovery could do much to improve current trends.
Internet-based platforms have connected individuals to each other for almost two decades. The real innovation at the heart of what’s been named the “sharing economy” is the realization that such peer-to-peer matching can transform markets for services such as transportation, lodging, and general errands.
Do we want to feel good, or do we want people to have the goods they need?
Viewing the heartbreaking damage wrought by Hurricane Harvey, the last thing we should want is for people to be encouraged to live where hurricanes and floods are common. Yet the government has been doing just that for decades.
A company is trying to bring the calming influence of gold to the Wild West frontier of cryptocurrencies
Many Americans think of themselves as pragmatists. Pundits often brag they are non-ideological independents. Forget theory; let’s just figure out what works.
A monetary standard based on Bitcoin, a digital currency, would act something like the gold standard in making price levels more predictable and stabilizing exchange rates but would likely be undone by politicians and central bankers.
The rise of blockchain technology and associated cryptocurrencies is creating both exciting funding opportunities for young companies and potential regulatory battlegrounds.
Taxes are being collected to help end the financial crisis that ended nearly a decade ago.