Category «economics»

Child Labor

I cringe whenever I read about child labor laws. Western, prosperous countries have a real aversion to the thought of child laborers and anew quick to denounce and to combat it. Every time another concession is reached to limit child labor the success is trumpeted and progress is seen to have been made. Funnily enough, …

Investment grade debt

Most actual investment (as opposed to places to park your money) involves buying debt. Or to put it another way, you loan money with the hope of making more later on. Bonds are the most common way to do direct investment, you have a time frame and a specific rate of interest. Stock IPO’s are …

Krugman Stimulus (updated, not Krugman)

UPDATED!!! This wasn’t Krugman, but see below…   “People on twitter might be joking, but in all seriousness, we would see a bigger boost in spending and hence economic growth if the earthquake had done more damage.” -Paul Krugman   Paul Krugman is an ass. Yes, he is the Nobel Laureate columnist for the New …