Why do we have recessions and depressions? Are they inevitable and unavoidable? Why do we have inflations? Are they preventable and curable?
You may know this, although the vast majority of Americans — including the media writers, politicians and economists — don’t: Money does not exist in any material form. Money is nothing more than an electronic notation in an electronic balance sheet. You cannot see, touch, taste, smell, or hear money. That dollar bill in your … Continue reading Trading nothing for nothing. Revealed: The not-so-secret about money and value.
Economics is the science of money. You may or may not be an economist, but every day, you and your friends discuss government spending, taxes, deficits, debts, interest rates, recessions, depressions, and inflation. You talk about Medicare, Obamacare, Social Security, global warming, military funding, dams, streets and highways, flood and windstorm remediation, poverty, college, crime, … Continue reading Test your friends. These 10 True/False questions will determine whether they understand the economy.
Way back on May 12, 2011, we published, “Which of these myths do you believe? A test of your knowledge.” It is a list of common myths and bits of popular false wisdom. All have been foisted on you by the ignorance or the intent of the media, the economists, and the politicians. Mostly, these … Continue reading Explaining: “Which of these myths do you believe? A test of your knowledge.”