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Helping a teen get started earning money

If a youngster can work an occasional or part-time job, it's a great step in learning how to manage and save money

Misplaced Celebrations On Third Quarter Growth

There was much celebration in the business press over the better than expected third quarter GDP growth. (See, for example, this WaPo piece touting the U.S. recovery as the "envy of the world.") Many were quick to say that the 3.5 percent...Show More Summary

Why apartment rents have skyrocketed

Inflation has remained tame during the recovery, but not when it comes to keeping a roof over your head

Asians Feel Rich and Happy–Pew Study

People in emerging markets are happier than they’ve been in years, according to a Pew Research Center study.

Bank of Japan Sails Further Into Uncharted Territory

Even before Japan's central bank Friday ramped up its big monetary stimulus program, it was testing the boundaries of monetary policy. Under the easing plan launched a year and a half ago, its balance-sheet assets, as a percentage of Japan's economy, were nearing 60%, considerably higher than anything ever attempted by the U.S. Show More Summary

Fed Needs to Stop Asset Acquisitions for a Generation or So

Yves here. Readers will take issue with some of former Fed staffer and banking expert Walker Todd's comments on monetarism and Fed policy, but he nevertheless reaches the right general conclusions. The monetarist orientation of his post...Show More Summary

Paul Krugman: Apologizing to Japan

What are the lessons we should learn from Japan?: Apologizing to Japan, by Paul Krugman, Commentary, NY Times: For almost two decades, Japan has been held up as... an object lesson on how not to run an advanced economy....

The Kuroda Bazooka Round Two

Faced with fresh evidence that his bold campaign to end deflation was losing steam, Bank of Japan Gov. Haruhiko Kuroda Friday fired off a fresh round of ammunition from his famed money-spewing bazooka, shocking markets with a big increase in the central bank's stimulus program.

Government, Not the Private Sector, Leads Innovation

This video, in which economist Mariana Mazzucato discusses her book The Entrepreneurial State, explains how most of what you think you know about innovation is wrong. Innovation is not led by the private sector; it lacks the long term horizons and risk appetite to do so. Show More Summary

“The Tragedy of Electronic Medical Records”

Yves here. We've written about the pitfalls of electronic health records in the past. One of the surprising reactions is the "dazzled by technology" response of some readers. While there are problems with relying on paper-based records,...Show More Summary

Walmart plans 20,000 holiday price cuts

The massive price promotions start Saturday, and the retail giant will also offer free shipping on some online purchases

Does Identity Politics Pay?

(October 31, 2014 12:03 AM, by Bryan Caplan) When I scoff at group identity, critics often call me naive. Won't anyone who heeds my advice to eschew identity politics end up being victimized by all the folks who do take their group identities with utmost seriousness? Then rational... (0 COMMENTS)

China’s GDP Growth: Less Than Meets the Eye?

Last week, China reported that its third-quarter GDP rose 7.3% compared to a year earlier. Although that was the slowest growth in more than five years, the results were generally considered good news. Maybe the optimism was misplac...

Will it matter when the Fed has “traction?”

People have made all sorts of arguments against “monetary offset,” but there’s only one that actually makes much sense.  The argument is that the Fed does not like doing “unconventional policies” like QE, because they feel “uncomfortable” with a large balance sheet.  (Put aside the fact that QE is perfectly conventional monetary policy–open market operations—and […]

Looking for a Good Education at a Low Price, Perhaps Free? Head to Europe

On June 7, 2014 I wrote Looking to Drastically Reduce College Costs? Study Abroad!Yesterday, a writer for the Washington Post expressed the same opinion.Please consider 7 countries where Americans can study at universities, in English, for free (or almost free). Show More Summary

Wikipedia: The value of open content production

Many organisations are developing open platforms to create, store, and share knowledge. This column analyses editing data by Wikipedia users to show how content creation by individuals generates significant ‘spillover’ benefits, encouraging others to contribute to the collective process of knowledge production.

LeBron buzz hits Cleveland and brings cash slam dunk

The return of No. 23 to the Cleveland Cavaliers has merchants as excited as fans

In Case You Were Wondering What Folks Who Rate Subprime MBS as AAA Think of the Creditworthiness of the U.S. Government

The Washington Post has the answer. It devotes an article to Moody's assessment of the financial situation of the U.S. government. Most people probably know of Moody's as one of the credit rating agencies that were paid tens of millions of dollars to rate mortgage backed securities as investment grade during the housing bubble years. Show More Summary

Friday: Personal Income and Outlays, Chicago PMI, Consumer Sentiment

From Freddie Mac: Mortgage Rates Rebound, Remain Below Four Percent Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates moving higher across the board this weekShow More Summary

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