On the surface it seems simple enough. The Federal Open Market Committee (FOMC) of the Federal Reserve adjusts interest rates to manage both inflation and the economy. When inflation rises, the FOMC raises rates, which limits the money supply, raises the cost of credit and slows economic expansion to a manageable level. When inflation . . . → Read More: Chaos Theory in the Financial World: A New Trend in Central Banks’ Monetary Policies (Part I)
Find out how restaurants serve everyone each other’s food in order to increases their profits! . . . → Read More: Thoughts on Game Theory: Why Do Restaurants Serve My Food to Everyone?
The theme of my last several posts has been the profit motive inherent in the medical system. Many parties appear to be responsible for this including industry and the physician’s lobby. I submit that the most responsible party is the consumer. The consumer is the one who demands the most advanced procedure, the best . . . → Read More: Consumerism in the U.S. Healthcare System: Why We All End Up Paying for the Most Expensive Treatments