Baxter is a new robot that has two major differences than other robots. It is very inexpensive and can work with humans without hurting them. Its total cost is $22,000, lasts for 3 years which comes to a total cost of less than $4 an hour. It does not need vacations, breaks, nor takes the [...]

  Austerity-Fiscal Cliff-An Explanation       Money is the life blood of an economy.  When the supply of money in circulation is extremely low, you will see recessions and depressions.  When the supply of money is too large, you see excess inflation and asset bubbles.  When money flows we grow.  When money stops, we [...]

There are many reasons why inequality exists in an economy.  Before I give my laundry list, I will discuss some general macroeconomic reasons.  One, we are NOT created equal!  We have many different talents, abilities, appearances along with unique emotional and physical makeups. Second, the institution of capitalism-competitive markets by its sheer nature of operation [...]

 Have you noticed only one Presidential candidate is debating Monetary Policy and the Federal Reserve – the Libertarian Ron Paul.  The only other one is the far left, past Presidential candidate Dennis Kucinich by introducing  HR 2990 “The NEED Act”.   It is very hard to understand why because it was the 100% cause of [...]

Since the current Republican debates always discuss “limited or no government,” I thought I would discuss the macroeconomic history of laissez faire – libertarianism of the last 150 years.  This philosophy has many followers because it sounds simple and accurate.  Unfortunately, this is far from the actual failures in practice.  These long term failures can [...]

There are over 200 million people unemployed in the world.  This figure does not include the under employed and under paid.  The latest Gallup Underemployment Index now stands at 19% of the global work force.  Why is this happening??  The major reason is that the private sectors production of goods and services including agriculture is [...]

Since Congress is not debating the cause nor the solution to the Great Recession which is complete monetary (money creation) reform by eliminating fractional reserve banking from the commercial banks.  Let’s do it the old fashion way on the fiscal (tax & spend) side of gov’t, by creating a “Domestic Industrial Complex”. How can we afford [...]

    Standard and Poor’s was established in 1860 and was bought by the publishing giant McGraw-Hill in 1966.  It is the largest of three major credit rating agencies-companies in the country.  The other two are Moody’s and Fitch.   A large part of the revenues that is generated by these companies actually comes form [...]

The end of the space shuttle program brings a discussion on its economic value.  Of course, many discoveries have come from the space program, and more will come from the space station.  It did hire many employees over the decades.  These employees were good cutomers helping areas like California, Florida and Texas.  Could these space [...]

Besides being one of the main causes of excessive deficit spending by fighting the many hot and cold wars, our mighty military provides some amount of security for the dollar.  You might have noticed the massive purchases of Treasuries during a financial and/or physical crisis somewhere in the world.  Security is a major factor in [...]