The Great Depression was the most severe economic depression ever experienced by the Western world.
As VisualCapitalist notes, it was during this troubled time that the world’s most famous case of deflation also happened. The resulting aftermath was so bad that economic policy since has been chiefly designed to prevent deflation at all costs.
Courtesy of: The Money Project
Submitted by Michael Snyder via The Economic Collapse blog,
Submitted by Pam Martens and Russ Martens via WallStreetOnParade.com,
Last night ABC began its two-part series on the Bernie Madoff fraud. Viewers will be reminded about how investment expert, Harry Markopolos, wrote detailed letters to the SEC for years, raising red flags that Bernie Madoff was running a Ponzi scheme – only to be ignored by the SEC as Madoff fleeced more and more victims out of their life savings.
Submitted by Eugen Bohm-Bawerk via Bawerk.net,
With President Obama unveiling his $10/Barrel tax plan to fund government-subsidized public transportatation (versus an individual's choice over his method transportation), we thought a glimpse at the pros and cons of such a choice may be useful...
Weighing factors such as convenience, time commitment, and enviornmental impact, deciding whether to commute via your own fossil-fuel-powered car or government-provided unicorn-fueled public transportation can be difficult.
Here is a side-by-side comparison of the two options...