Economics
Freakonomics: a book for unconventional thinkers and practical millenial economist
Freakonomics: a book for unconventional thinkers and practical millenial economist Freakonomics is a book authored by Steven D. Levitt, a...
Is the Study of Economics Truly a Science?
One of the most common questions among new economics students is whether the study of economics is truly a science....
What is Your Contribution to National Income?
The government uses a number of different economic measurements to determine the overall health of the economy. One of them...
The Money Supply: Why We Shouldn’t Just Print Money
Anyone who has ever been caught printing counterfeit money knows how serious the Government is about preventing this sort of...
Russia Learning That Keynesian Economics Don’t Work
Ever since British economist John Maynard Keynes introduced his economic theories in the 1930s, there has been an ongoing debate...
Labor Force Participation Rate More Important Than Unemployment
Politicians from both sides of the aisle frequently speak of the unemployment rate as an important economic indicator. And indeed...
The Evolution of the Internal Revenue Service
We all know of the existence of the Internal Revenue Service (IRS) thanks to the tax returns we file every...
Who Is John Maynard Keynes, and Why Is He so Important?
Where politics and economics meet, we often hear terms such as 'Keynesian economics', 'Keynesian theory', and the 'Keynesian model' bandied...
The Dollar Is Not Your Daddy’s Hard Currency
The U.S. monetary system, as with most others, was built on the principle of hard currency. However, the definition of...
Junk Bond: How Risky Investment Built Las Vegas
Las Vegas was not always the investor-owned entertainment venue it is today. Prior to the 1970s, most of the valuable...
Is Gross Domestic Product a Fair Measure of Economic Strength?
Governments around the world measure economic strength based on the combination of a number of factors. One of the factors...
The Inequities of Progressive Income Tax
Are you familiar with how the U.S. income tax system works? Do you understand that it is a progressive system...
Why China has flatter business cycles than the US?
The reasons why China has flatter business cycles than the US: 1. A major part of China economy is comprised...
Why Housing Starts Are Used As an Economic Indicator
Government and independent economists use a minimum of 12 economic indicators to help them determine how the U.S. economy is...
The Inverse Relationship between Risk and Face Value
Whenever an individual buys securities, he or she must consider what is known as face value. Unlike the face value...
The Main Reason the Euro Zone QE Will Not Work
The European Central Bank (ECB) is now in the process of implementing its own quantitative easing program modeled after what...
Why Government Debt Should Matter to You
We hear a lot about government debt, also known as the public debt, during election season. However, once the votes...
FICA and the Establishment of Social Security
Take a look at your next pay stub. There should be a heading labeled FICA along with a specific dollar...
What You Need to Know about the Dow Jones Industrial Average
Every night on the evening news, you see numbers relating to the Dow Jones Industrial Average (DJIA) and the S&P...
The Link between CPI and Inflation
Now that the 2014 midterm elections are behind us, political pundits and economists are turning their eyes to the 2016...
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