Not only do economists ignore the role of banks in their models, they also omit marketing and the malleability of consumer preferences.
When it comes to accepting credit cards as payment, small businesses are “damned if they do, and damned if they don’t” – as in, they stand to lose income no matter which decision they make. Since approximately 35% of people preferred credit to any other type of payment in 2014, small businesses could miss out on sales if they refuse to accept credit cards altogether. But since typical merchant account companies charge up to 5% for each transaction, the costs …
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A look at the data on the decline of newspapers.
Yves here. While this post makes an important point about the degree to which veterans are targets for opioid marketing, as well as the creation of a large and multiheaded “pain lobby” to promote the idea that pain was undertreated (which may have been true, but not to the degree suggested). However, the article also […]
Ethereum’s Big Bank Blockchain consortium: trying to look behind the hype
Today’s Water Cooler: TPP, Clinton email fallout, Our Revolution launch, durable goods, blockchain precariat, brain photos, Gutenberg bible
Welcome to Neoliberal U!
“31 Days to Financial Independence” is an ongoing series that appears every Thursday on The Simple Dollar. You might want to start this series from the beginning! In the first part of this series, we took a long look at the things that shape our lives – the things we spend our money, time, and energy on – and figured out which ones were most important to us. More specifically, we chose roughly five things that were of prime importance …
Apollo gets nicked by the SEC, but par for the course, not all that badly.
Two in five workers will be independent contractors by 2020, according to one study. That’s an estimated 60 million of us toiling without the restrictions (or benefits) of full-time employment. The downside, of course, is that this freedom isn’t necessarily free: For every freelancer you meet who shrugged off the shackles of Corporate America and struck out on his own, you’ll meet several who were forced into part-time, contract, or temporary work by the economy. And, regardless of how you became a …