You are browsing the archive for 2013 August 25.

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Saved $17,000 by not claiming on insurance

August 25, 2013 in Economics

By Mark Thornton

This is a very valuable article about the changing nature of healthcare. Going forward in time you may not have great health insurance policies, higher deductibles and less coverage. In this case the guy saved $17,000 by not using his health insurance policy.

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Source: MISES INSTITUTE

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Have You Heard the One About the Fiat Money Printing Central Banker?

August 25, 2013 in Economics

By Christopher Westley

Here’s the abstract from a new paper in the October 2013 issue of Economic Inquiry:

During their meetings, the members of the Federal Open Market Committee (FOMC) make monetary policy, but they also make each other laugh. This article studies the amount of laughter elicited by members of the FOMC during their meetings. The study finds that a member elicits more laughter if he or she expects higher inflation, other things being equal. This finding suggests that members may use humor to cope with the threat of inflation. (JEL E52, E58, C23)

They use humor. One wonders what savers and pensioners use.

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Source: MISES INSTITUTE