Tag Archive for Wages

The Lethal Lemons on the Road to Bangladesh – William K. Black

This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. By William K. Black I wrote yesterday about the “control frauds” (in which the person controlling a seemingly legitimate entity uses it as a “weapon” to defraud) that target purchasers of bad quality goods (“lemons”) and employees. …

North Las Vegas Crisis An Example of Why To Stop Crying, “Shadow Inventory!”

The sad story of North Lost Wages,  Nevada,  is an example of why the “shadow inventory” issue is a toothless bogeyman for the US as a whole. Not only did the bubble create false pricing. It caused the construction of  entire “false communities,” based largely on speculative purchases never intended for occupancy. This bubble activity…

Our central bankers are intellectually bankrupt – Ron Paul in FT

by Ron Paul The financial crisis has fully exposed the intellectual bankruptcy of the world’s central bankers. Why? Central bankers neglect the fact that interest rates are prices. Manipulating those prices through credit expansion or contraction has real and deleterious effects on the economy. Yet while socialism and centralised economic planning have largely been rejected…