Physical cash has long been problematic for governments because it allows people to avoid the banking system, which in turn can lead to tax avoidance and bank runs. It’s much easier to control an economy when all money must remain in banks.
Apple, Facebook, and Google planning lavish corporate headquarters help paint a picture of a stock market top.
It's been a light season for hurricanes and tropical storms in North America, and contrary to what many economics "experts" may think, that's a good thing. After all, natural disasters are extremely costly in terms of opportunity costs and capital.
How the Communist Party of China Bubbles and Tries to Keep Them Afloat
The Greek crisis illustrates the latest failure in Europe's attempts to build a lasting prosperity through consumption and redistribution of wealth. It's been going on for 150 years, and it remains to be seen if Europe will learn anything from the present crisis.
Despite massive policy stimulus in the United States, the US economy is now growing far more slowly than in past periods of monetary inaction from the central bank. Meanwhile, fragile economic bubbles are being inflated from China to Europe.
