The Internet is abuzz after Amazon’s unveiling of its latest idea: the delivery of goods to your doorstep within 30 minutes via drone. So maybe someday, with Amazon's help, it might be exciting to see drones flying overhead, rather than being a reason to run for shelter.
Just because we've had a system of central banking for 100 years doesn't mean we ought to. In fact, it's starting to look like central banks do more harm than good. From obscuring the true cost of credit to causing confusion about good investments, central bankers end up papering over economic problems. And when they send the wrong messages to savers and consumers trying to coordinate their plans, boom and bust cycles lengthen and worsen. Check out our new video to learn more.
Keynes suggested that saving your money might hurt the economy, as it lowers aggregate demand. Fear not. You aren’t actually hurting anyone else by filling up your piggy bank. In fact, this consumerist viewpoint gets the story of economic growth entirely backward.