Out With the Old And In With the New: The Countdown to E-Day

The old adage that “money makes the world go round” may never be more apt than it is on January 1, 2002. The introduction of Euro bank notes and coins on this date will be an operation of unprecedented enormity, affecting the currency regimes of 12 European countries. But unless the parties involved in the Euro cash supply chain, and especially consumers, are well prepared … [ Read more ]

The General Theory of Employment, Interest, and Money

To Keynes (and the out-of-work millions) in 1936, laissez-faire was about as appealing as a breadline. Left alone, he said, a capitalist market economy does not necessarily lead to full employment. Rescuing economies requires regulation in the form of tax-and-spend and interest-rate finagling. Alan Greenspan may owe his job to this book. [Byron Wein Annotation]

Roger Cass, The Last Optimist

Roger Cass is the man who invented the idea of the Long Boom — the notion that we’re only 7 years into a 27-year expansion, the likes of which the world has never seen before. The future, Cass says, is already written. All we need is the confidence to accept it.

Money: What It Is and How It Works

Created by William F. Hummel, a retired jack-of-all-trades, Money: What is and how it works offers the author’s advice on a vast array of issues dealing with money and US monetary policy. Well-written and easy-to-understand, this collection provides information on the basics of understanding money, as well as some more advanced concepts, and monetary policy issues. Hummel has also included articles from famous economists on … [ Read more ]

EconDash.com

EconDash.com offers a number of automobile dashboard-inspired charts for understanding the main indicators of the US economy and US national expenditures. EconDash’s charts present a meter for each indicator and expenditure. Users can click on the meters (e.g., private fixed investment growth, labor productivity) to access further information: descriptions, trendlines, and analysis. The site also contains a helpful FAQ guide to using and understanding the … [ Read more ]

In Defense of the US Current-Account Deficit

Last year, for the third year in a row, the US current-account deficit set a record-this time at more than $400 billion. Will this soaring deficit jeopardize the economy? We don’t think so. There’s nothing inherently good or bad about a current-account deficit or surplus. The rapid increase in today’s deficit merely reflects the extraordinary economic growth of the US economy during the 1990s as … [ Read more ]

Japan’s Lost Decade: Lessons for America

Very interesting article looks at the decade-long economic woes of Japan, how they might have been avoided or mitigated and lessons for the U.S.

Interactive Index of Economic Freedom

The Heritage Foundation, along with the _Wall Street Journal_, presents the Interactive Index of Economic Freedom, a tremendous database offering detailed reference information about economic policy for 161 countries. The search feature provides a variety of options for searching the database and organizing the results including sorting the results alphabetically or by rank. Along with a simple search, users can search by country or region … [ Read more ]

EconLinks

EconLinks is a well-organized economics portal created and maintained by Professor Scott Simkins of the Department of Economics at North Carolina A and T State University. The site was developed to provide easy access to basic economic and financial information for students in economics and business courses and contains resources in the following categories:
– Indexes and Directories
– Current News
– Business News
[ Read more ]

Metropolitan New Economy Index

The Metropolitan New Economy Index builds on work begun in The New Economy Index and the The State New Economy Index, in which the authors used a new set of economic indicators to illustrate the structural foundations of what they and others have called the “New Economy.” In the first report, they tracked the transformation of the U.S. economy along four main lines: the industrial … [ Read more ]

Winston Churchill

Some regard private enterprise as if it were a predatory tiger to be shot. Others look upon it as a cow that they can milk. Only a handful see it for what it really is – the strong horse that pulls the whole cart.