...[T]he transfer of wealth that has been created, that has been taken from the saver and from the taxpayer to “mend the financial system” or to keep it from falling off the cliff is extraordinary.
Articles: financial crisis (8)
You probably know the joke that starts with the question "how do economists hunt bears?"
A few stories from a single issue of the Financial Times show how little things have changed, and how few lessons have been learned, since the 2008 financial crisis.
The latest World Economic Outlook from the International Monetary Funds (IMF) paints a gloomy picture of slowing growth across the world.
I think we’ve got to the point where we have to name British politics for what it has become: a wholesale looting of the state and the public, with the complicity of the political class, to reward the financial sector.
Tourism is also quickly gaining a new status of fundamental resource in the Italian economy.
Money can be looked at as a marker for energy (alternatively; money is a claim on energy). As energy prices rise and/or energy supplies decline, this will depreciate the purchase value of money (and other paper constructs representing money).
Last year, Sofia witnessed first hand the near complete collapse of the island’s economy...