Final War Debts Repaid

It was recently announced that the UK Government were about to repay the last installments of the UK’s war loans from 1945 and 1946. Loans of $4.33 billion and $1.19 billion were lent to the UK Government by the US and Canadian Governments respectfully, to help build the war torn economy of the UK after World War II.

Minimum Wage, Minimal Thinking

If minimum wage is such a great idea, why not multiply it rather than add a couple of dollars? According to this article, minimum wage will actually harm those it is designed to help, including young adults, minorities, less educated, and others who are most in need.

Inflation Strikes Treasure Hunters' Dream House Find

Long ago there was a treasure-hunting magazine with an article about a house that was being remodeled. It was an old house built at the turn of the century. Construction workers had removed all of the old appliances and then began ripping out the old plaster and lathe. As one wall was being ripped out, small bundles, wrapped in aged white linen cloth came tumbling out. Workers opened the bundles and were stunned at what they found.

Monetary Tower of Babel

Money is like a language. It is a medium of exchange. Like language, if properly used, helps us get along with each other. When language degenerates, or gets confounded, there is confusion, strife, and separation. The decay and degradation of money has much the same effect on the fabric of society.

American Way Of Thinking

American minds are inclined to think in the manner which perfectly reflects American history and culture.

Needs Evolution

Human needs continue growing together with technologies development and product and services growth.

Should One Practice Anti-Trust Law to Insure the Free Markets Prevail?

As the operator of an Online Think Tank we spend quite a bit of time discussing Free-Markets and forms of government such as Capitalism and Communism, Socialism and Dictatorships and how all of it is so intertwined in World Markets.

The Asian Values Debates

The process of globalization overwhelms practically the whole modern world including not only well-developed post-industrial countries but developing countries as well. This process influences all aspects of human everyday life and it has already overcome only economical side of our reality. It is evident that nowadays not only economies of different countries change but also we observe a significant shift in their politics and their traditional way of life.

Milton Friedman and Plato; Can We Really Compare?

Not long ago our Online Think Tank had considered the perfect Utopia and all the philosophical debates from Plato's Republic and Atlantis to Thomas Jefferson to Milton Friedman. In fact we took a gander studying many civilizations such as the Byzantine Empire, Aztec Civilization, Greeks, Romans, Chinese Dynasties and well you get the idea. We study economies, trade routes, slavery, colonization, Dictatorships, Communism, Feudalism, Socialism and present period first world nations.

Microeconomics: The Choices We Make

Microeconomics is part of almost everything in our daily lives. It focuses on the individual parts that make up a market for individual goods and services and the sub-elements of those markets, such as the consumers for individual products and the individual companies that produce, manage or transport those products; and how these elements affect and are affected by the market. It determines where we live, the food we eat, our place of employment, education, and our recreation choices.

A Look At South African Poverty!

South Africa can boast of a mixture of several races and cultures due to its historical background. Several different population groups with different languages, cultural backgrounds and origins all reside in South Africa. If one were to measure human development by established standards such as life expectancy, infant mortality and adult illiteracy, South Africa would compare unfavorably with many other middle-income countries of the world.

Race and Social Class

In American society, issues of race and social class are entwined together like a chain of DNA. One cannot have an honest discussion about race without looking at the equally important issue of class since the two are closely linked.

Bell Curves and Wealth of Individuals in a Nation

Most nations despite what you might think seem to economically follow Bell Curves when it comes to wealth of the individuals in that nation and the total sum of the pie. Thus Bell Curves and Wealth of Individuals in a Nation is indeed a viable measurement tool for economists and NGOs or non-profit groups giving aid or relief.

Economic, Environmental, and Social Alchemy

Current System: “Trash” goes to land-fills; the “guilty” go to prisons: both generally just sit there as the rejects of society and economics. Problem: We don’t re-use 3/4 of our waste and we don't re-use 3/4 of the manpower of our low-class citizens and inmates. There is very little going on right now to change that besides this program. Solution: Put both of these to use and encourage them start finding a new purpose in material use and life.

Is There Such Thing as a Free Market Economy?

Many people discuss the importance of a free market economy and site numerous examples of how economies work best when they have less regulation. This is all well and good but one has to ask; Is There Such Thing as a Free Market Economy? That is to say does such a free-market economy actually exist and if so where or where could she be?