UC Berkeley financial documents reveal that 27 of the university’s 29 sports teams lose money each year, totaling annual average losses of $10.7 million.
Tyler Cowen asks: >Marginal Revolution: Paying interest on reserves, and why it should be easy to disarm future inflationary pressures. Do I believe it? The correct answer is “maybe.” If inflationary pressure comes because banks and …
Is it illegal to carry forged large-denomination Treasury bonds across national borders without declaring their putative “value”? >Italian Police Ask SEC to Authenticate Seized US Treasuries: By Sonia Sirletti and John Glover: June 12 …
>The idea of making money earn a negative return is not entirely new. In the late 19th century, the German economist Silvio Gesell argued for a tax on holding money. He was concerned that during times of financial stress, people hoard …
This effect is called the “money illusion”, and many economists are of the opinion that it should not exist. After all, the true purchasing power of the income remains exactly the same. So, for a rational market activist it should be of …
