Posts Tagged ‘Low Interest Rates’

“Fear the Boom and Bust”: Hayek vs. Keynes Economics Rap

Ever heard the term “Keynesian economics” and wanted to learn more? Here’s a new rap video that explores the competing theories from the Austrian business cycles of Friedrich von Hayek and the interventionist theories of John Maynard Keynes. Yes, I said rap… and it’s actually pretty good! I like the quotes at the end. We’ve been going back and forth for a century [Keynes] I want to steer markets, [Hayek] I want them set free There’s a boom and bust cycle, and good reason to fear it [Hayek] Blame low interest rates. [Keynes] No … it’s the animal… Read the whole article...

The Pros and Cons of Social Lending

Share This Photo: quaziefoto With faith in banks and credit card companies on the decline, more consumers are turning to social lending as an alternative to existing financial institutions for their borrowing needs. The worst offenders, credit card companies, have been lowering credit limits and increasing penalty fees and interest rates on even their most loyal customers. For this reason, frustrated credit card holders comprise one of the largest sectors looking into lending sites to refinance credit card debt. With interest rates as low as 7.8%… Read the whole article...