Capital and Interest Theory

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How to Ruin an Economy in One Easy Step

Capital and Interest TheoryMoney and BankingValue and Exchange


Chris McGreal reports from Harare:

Zimbabweans are shopping like there's no tomorrow. With police patrolling the aisles of Harare's electrical shops to enforce massive government-ordered price cuts, the...
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Price Control Chaos

The Police StateCapital and Interest TheoryInterventionism


From the Times:

Price inspectors and police, sometimes armed, descended on supermarkets in the Zimbabwean capital to enforce price controls. Their intervention followed the order issued by Mr...
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How Inflation Lowers Inflation

Money and BanksCapital and Interest TheoryMoney and Banking


As new money is created by the banking system, it enters the price system as the recipients spend it. As the prices of some goods rise, this should be captured in the CPI, right?

Not necesssarily. New money does not impact all...

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Clinton talks return on investment

Financial MarketsCapital and Interest Theory


"If you add up all the benefits, it's really astonishing," the New York senator and former first lady said, citing one study that says for every dollar invested in pre-kindergarten, there is at least a seven fold return. -- Hillary Clinton as...

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Deconstructing GovernmentSpeak: When More Regulation Eases the Burden of Regulation

Legal SystemCapital and Interest Theory


Treasury Undersecretary Robert Steel is complaining about US regulation, stating that the US is losing business to Europe and Asia because of the strangling effects of its regulatory policy. It is said that "cumbersome accounting rules and litigiousness are deterring investors from US markets."...

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The Scandalous Student Loan Scandal

Capital and Interest TheoryMoney and Banking


The student loan scandal concerns the fact that many colleges and universities chose preferred lenders for financing student loans and then received remuneration for their recommendations from the lenders. The scandal has been going on since mid-March. Thus, it is startling to learn that it was...

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BUSINESS WEEK warns against privatizing roads

Capital and Interest Theory


COVER STORY By Emily Thornton Roads To Riches Why investors are clamoring to take over America's highways, bridges, and airports—and why the public should be nervous

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The huge diversion that microcredit represents

Money and BanksCapital and Interest TheoryMoney and Banking


I was amazed that when Muhammad Yunus, head of the state-supported, quasi-socialist, regimentation-promoting Grameen Bank, received his Nobel Prize that free-market commentators bought into the propaganda. They threw their hats in the air, and their brains too. It reminded me of how...

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Keeping Up With the Party Line at The New York Times/Pravda

Global EconomyCapital and Interest TheoryInterventionismPhilosophy and Methodology


From the movie review "Casualties of China's Transformed Economy" by Jeannette Catsoulis, in today's Times:

Bracketed by stunning long shots taken from the front of a moving freight train,...
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Phone Cards, My Big Investment

Capital and Interest Theory


I remember Mama. She was a shopper along with her other talents. And since baby sitters were beyond the means of middle class families of her era, she took the 6 year old who was to become me, along. Clinging to her discounted skirts, I caught the shopping bug. It was a life-long infection. I...

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