Showing posts from December, 2017

Tourism at Risk: Facebook Doesn't Kill People, People Do

This article was first published on my personal blog at Talkmarkets: Donald Trump is a gun rights advocate. I would suggest he subscribes to the concept that guns don't kill people, people do. I think that is true. And yet, he is in preliminary discussions to view the social media of everyone who comes into the United States. He should believe that Facebook and social media don't kill people, people do. But apparently his paranoia has gotten the better of him. Does anyone think that a terrorist would not have a pristine Facebook page if he wanted to come to the USA? Only the good people will be punished. And Americans will lose jobs, thousands upon thousands of jobs, potentially. Many people would not come to the United States as tourists. Others may not decide to stay on social media. My fear for our nation is that Don

A Great Depression Lesson For Our Time

This article was first published by me on Talkmarkets: Everyone interested in the workings of the economy, as well as economists and central bankers must take a lesson from the Great Depression in order to understand fully the issues causing the worst economic crisis in the nation's history. The lesson that must be learned is that there was plenty of supply of goods but that those goods became too expensive due to Fed actions. The problem is, the goods could not be sold. Since consumers and also businesses who invest their money for growth, could not buy the goods, unemployment skyrocketed to 25 percent in 1933. It turns out that the Fed pursued a policy of tight money, trying to take the wind out of the sails of the stock market. The crash occurred in 1929. And it turns out that the Fed also stopped capital formation in its tracks. Once capital for