I thought this was appropriate to show how the poor dollar feels falling as fast as it has.
A picture is worth $200 billion dollars. Borrowing by banks to cover demand deposits because their assets have less value than their liabilities. Graphic from the St. Louis Fed.
I’d be curious what it would be in relation to the value of money over the years. ie. I know that central banks where not [...]
At least one Gas Station Owner has a sense of humor.
This notional tiered-pricing graphic — from a world where there’s no Net Neutrality and ISPs are allowed to block various web-sites if the companies that run them don’t pay for “priority delivery” — scared the pants off of me. I think that this is what it’s really all about — not just charging three times [...]
Continue reading about Why do people worry about Net Neutrality?
Rufus Pollock, a PhD candidate in economics at Cambridge University, has just released “Forever Minus a Day? Some Theory and Empirics of Optimal Copyright,” a brilliant new paper on the economically optimal term of copyright. He’s presenting it in Berlin this week, but it’s already online. Here’s the abstract:
The optimal level for copyright has [...]
Continue reading about Lets change Copyright law… Create an optimum term
Manufacturers may set a fixed price for their products and forbid retailers from offering discounts, the Supreme Court said today, overturning a nearly century-old rule of antitrust law that prohibited retail price fixing.
The 5-4 ruling may be felt by shoppers, including those who buy on the Internet. It permits manufacturers to adopt and enforce what [...]
When talking about why money from companies where sometimes spent in certain countries and not others a guy spent time to match up each state in the United States with an equivalent Country in the world. He took in account the Gross National Product as the main indicator.
Continue reading about The United States economy seems large… especially compared to the world.
