Economy



Rubber Band Economy

What is a rubber-band economy? Imagine the rubber material to be hard cash (currency in circulation) – notes, coins etc outside the central banks and the vaults of depositary institutions. Stretching it would mean that you have expanded credit. More stretch means more credit. More and more stretch – to the point that it breaks, […]


Chinese Consumer Electronic Factory Conditions

Folks familiar with electronics and tech news probably don’t see this as a surprise. We have heard Chinese factory worker committing suicide for leaking Apple product details. Now this is even worse. Free market economy in one country is resulting Gulags in another country. Read on. Via Engadget Yesterday, the National Labor Committee produced a […]