Economics @ ITT

An Independent Scotland?

Posted in economics by ittecon on September 9, 2014

[E]verything that has happened in Europe since 2009 or so has demonstrated that sharing a currency without sharing a government is very dangerous.

via Scots, What the Heck? – NYTimes.com.

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Obama Outperforms Reagan On Jobs, Growth And Investing

Posted in economics by ittecon on September 8, 2014

Economically, President Obama’s administration has outperformed President Reagan’s in all commonly watched categories.  Simultaneously the current administration has reduced the deficit, which skyrocketed under Reagan. 

via Obama Outperforms Reagan On Jobs, Growth And Investing.

Pay This Bench Money or It Will Poke You with Spikes

Posted in economics by ittecon on June 12, 2014

Economic Value of a Human Life: $0.57

Posted in economics by ittecon on April 3, 2014

Paying with cash costs Americans $200 billion a year

Posted in economics by ittecon on October 11, 2013

I rarely use cash.

A new study by Tufts University, The Cost of Cash in the United States, puts that price tag at $200 billion a year for both American consumers and businesses. For the average American family, the cost of cash is about $1,739 a year.

via Paying with cash costs Americans $200 billion a year – TODAY.com.

We’re Addicted to Economic Growth and It Will Be the Death of Us

Posted in economics by ittecon on October 7, 2013

I think the American people right now have been so focused, and will continue to be focused on our economy and jobs and growth, that if the message is somehow were going to ignore jobs and growth simply to address climate change, I don’t think anybody is going to go for that. I wont go for that.

via Were Addicted to Economic Growth and It Will Be the Death of Us | Alternet.

BitCoin Plunges Following US Government Seizure Of Silk Road Website

Posted in economics by ittecon on October 2, 2013

That the US government would crack down on BitCoin and all affiliated services should not be surprising and is happening just as we warned it would back in March when we first charted the initial ramp of BitCoin. This move was especially inevitable considering none other than the ECB “warned” in November of 2012 against virtual currency Ponzi schemes though it has no problem with fiat equivalents.

via BitCoin Plunges Following US Government Seizure Of Silk Road Website | Zero Hedge.

California car dealers go crying to DMV about Tesla Motors’ website

Posted in economics, Regulation by ittecon on September 26, 2013

Auto dealers have been dealing with disruption just about as well as any other legacy industry has. Instead of attempting to compete, dealers have chosen to respond to Tesla’s refusal to cut them in on the middleman action by throwing up as many regulatory roadblocks as possible. Sadly, this antagonistic attitude toward both their competition and the car-buying public somehow makes sense to them, and they seem very willing to bury both the upstart and their last remaining shreds of goodwill at the same time.

California car dealers go crying to DMV about Tesla Motors’ website | The Raw Story.

Somebody Stole 7 Milliseconds From the Fed

Posted in economics by ittecon on September 25, 2013

Last Wednesday, the Fed announced that it would not be tapering its bond buying program. This news was released at precisely 2 pm in Washington “as measured by the national atomic clock.” It takes 7 milliseconds for this information to get to Chicago. However, several huge orders that were based on the Feds decision were placed on Chicago exchanges 2-3 milliseconds after 2 pm. How did this happen?

via Somebody Stole 7 Milliseconds From the Federal Reserve | Mother Jones.

Why Are American Health Care Costs So High?

Posted in economics, Policy Issues by ittecon on September 20, 2013

Well,