Rational Vice: Will Gen Z Gamble Its Way to Retirement?
Generation Z is turning to wagering markets in search of ROI.
Times Change, Principles Don’t
Beyond Diaspora Politics
After September 11th, Rudy Giuliani was America’s mayor. He even won Time Magazine’s Person of the Year for his leadership in the wake of the attacks. Today, he may be Mujahadeen-e-Khalq’s (MEK) Mayor.
Time Preference: The Key Behind the Increase in the Long-Term Interest Rates
After closing at 4.26 percent in January this year the yield on the 10-year US Treasury Bond settled at 4.70 percent at the end of August.
Foreign Policy Gnosticism: The Appeal to the Black Box of “Our Leaders Know More”
The Revolution’s Paper Money Legacy
After Lexington and Concord, Congress had a war on their hands and needed a way to finance it. The Americans were in large measure tax rebels, so taxation of their own would have to wait. After giving some thought to borrowing, Congress decided instead to call upon their old friend, the printing press.
The colonists had a long history with paper money. They had been inflating since the 1690s and had all but driven silver specie out of circulation. In 1751, Parliament banned further note issues in New England, and by 1764 extended the prohibition to the rest of the colonies.
