Why Taxing the Wealthy and Giving to the Poor Makes Sense 5

By Daniel McKay
Why Taxing the Wealthy and Giving to the Poor Makes Sense
I apologize for the irregular posting, I’ve had a lot come up lately. But amidst all the personal drama I figured I would share an insight, a reminder for many of you. We should be taxing the wealthy and giving money to the poor. It is simple economics, in fact I was just explaining it ...

The Government’s Budget and the Economic Tightrope 4

By Daniel McKay
The Government's Budget and the Economic Tightrope
Now that the elections are over, we are sitting less than two months away from what I would consider a catastrophic budget resolution. It is politics, not economics that has dictated the fiscal cliff – and I suspect unfortunately that it will be politics again, not economics that determine what the solution will be. The ...

Water In The Ears? Austerity With Slow Growth Is LUDICROUS 7

By Daniel McKay
Water In The Ears? Austerity With Slow Growth Is LUDICROUS
People and Politicians really don’t get it, austerity is something you should do when the economy is booming – not when it is weak. Despite overwhelming economic evidence that austerity slows down economies – you hear people, and even more scary, politicians, preach we take a dose of Hoover’s medicine. It’s important to understand that what we’re ...

The World Reserve: Its Beautiful When You’re On Top… Even When It’s Ugly 1

By Daniel McKay
The World Reserve: Its Beautiful When You're On Top... Even When It's Ugly
We might not realize it, but the US has it good. Anything we need we can get, we are the world’s reserve currency, so when times get rough – we are even more flush. There are three prevailing theories in economics regarding how to improve a weak economy. The first, is the theory that government ...