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Decades Later, Free Market Economist’s Warnings Go Unheeded In California

Decades Later, Free Market Economist’s Warnings Go Unheeded In California

BY ALICE SALLES   In October 1944, Austrian economist Ludwig von Mises was a guest of honor in a gathering of business leaders at The California Club in Los Angeles. Introduced as “the most eminent and uncompromising defender of English liberty and the system of free enterprise,” the economist had already made a name for himself as […]

Is the Run on the Dollar Due to Panic or Greed?

Is the Run on the Dollar Due to Panic or Greed?

    by Ellen Brown What’s going on in the repo market? Rates on repurchase agreements (“repo”) should be around 2%, in line with the fed funds rate. But they shot up to over 5% on September 16 and got as high as 10% on September 17. Yet banks were refusing to lend to each other, evidently […]

Restoring the Korean Economic Miracle

Restoring the Korean Economic Miracle

    by Ellen Brown This 10-page paper was written for the Economics of Happiness Conference co-sponsored by Local Futures, held in Jeonju, Korea, on October 16-17, where I was the keynote speaker — a wonderful city and great experience!    Satisfaction in the workplace is a major component of the “happiness” index; but it is a […]

After Amazon Walks Away, Oxnard Hopes Education, Reforms Attract New Economy Jobs

After Amazon Walks Away, Oxnard Hopes Education, Reforms Attract New Economy Jobs

    By  Gina Harden  OXNARD – Oxnard Mayor Tim Flynn and City Manager Alex Nguyen recently offered their perspective on the failed negotiations between the city and Amazon’s representatives, Seefried Properties, in building a distribution center at the Sakioka Farms site. Nguyen expressed “frustration about how bureaucratic” the system was and said, “we didn’t […]

Slash the Budget | Notice 6 Easiest Ways To Improve Ventura’s Finances

Slash the Budget | Notice 6 Easiest Ways To Improve Ventura’s Finances

  “ Giving money and power to government is like giving whiskey and car keys to teenage boys.” —P.J. O’Rourke Ventura faces severe revenue shortfalls in six of the next seven years, the size of those during The Great Recession. Ventura is on pace to lose over $9.07 million over the next six years. You should […]

Why Is the Fed Paying So Much Interest to Banks?

Why Is the Fed Paying So Much Interest to Banks?

    By Ellen Brown, http://EllenBrown.com   “If you invest your tuppence wisely in the bank, safe and sound, Soon that tuppence safely invested in the bank will compound, And you’ll achieve that sense of conquest as your affluence expands In the hands of the directors who invest as propriety demands.” — “Mary Poppins,” 1964 When “Mary […]

Fighting for energy and human rights equality in Africa

Fighting for energy and human rights equality in Africa

  By Paul Driessen “She has gone to the Lord,” her sister Diana told me a few days ago. And with Fiona Kobusingye’s passing, after a courageous battle with cancer, the Congress of Racial Equality Uganda lost another leader. However, their legacy remains, the battles they began rage on – and Uganda and Africa are clearly […]

The Fed’s Dramatic About-Face

The Fed’s Dramatic About-Face

    By Ellen Brown, http://EllenBrown.com “Quantitative easing” was supposed to be an emergency measure, but the Federal Reserve is now taking a surprising new approach toward the policy. The Fed “eased” shrinkage in the money supply due to the 2008-09 credit crisis by pumping out trillions of dollars in new bank reserves. After the crisis, the presumption was the […]

The Venezuela Myth Keeping Us From Transforming Our Economy

The Venezuela Myth Keeping Us From Transforming Our Economy

    By Ellen Brown, http://EllenBrown.com Modern Monetary Theory (MMT) is getting significant media attention these days, after Alexandria Ocasio-Cortez said in an interview that it should “be a larger part of our conversation” when it comes to funding the Green New Deal. According to MMT, the government can spend what it needs without worrying about deficits. MMT expert […]

US Economy Adds More than 300,000 Jobs During Shutdown

US Economy Adds More than 300,000 Jobs During Shutdown

Tim Pearce | Energy Reporter . The U.S. economy added 304,000 jobs while the unemployment rate rose slightly to 4 percent in the first month of 2019, according to Department of Labor (DOL) data released Friday. January marks the 100th straight month of job growth in the U.S., a record more than twice as long […]

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