I love exploring monetary history. In this blog post, let’s take a trip through time to one hundred years ago and delve into one of the fascinating economic events of the 20th century: the hyperinflation crisis in Germany in 1923. It’s a period that often leaves us scratching our heads, wondering how a country could […]
Hyperinflation – Germany 1923 Read More »
Automation, replacing human workers with machinery, computers, software, and technology, has revolutionized various industries. In this post, we will explore how automation has led to a rise in productivity, improved the quality of life for people, and freed up workers to advance into more productive jobs. The Impact of Automation on Employment One hundred years
Humans Need Not Apply Read More »
The Roman Empire and the United States are history’s most influential powers. Though separated by time and geography, there are some striking parallels between their rise, development, and potential decline. In this blog post, we’ll dive into the similarities and differences between these two mighty civilizations, focusing on the past 40 years of the United
Parallels between the Roman Empire and the USA Read More »
In this blog post, we will delve into the fascinating world of the Roman Empire’s economy and unravel how the phenomenon of inflation played a significant role in its eventual collapse. As someone interested in economics and monetary policy, I will guide you through this intriguing journey. You will learn the specific economic conditions, monetary
How Inflation Ruined the Roman Economy Read More »
Does the MIT model say society will collapse in 2040? According to an MIT researchers’ report, society will collapse by then. The report, titled “The Limits to Growth,” was published in 1972 and concluded that society was heading towards collapse due to economic, environmental, social, and political issues. A follow-up study conducted by analysts at
MIT Has Predicted that Society Will Collapse in 2040 Read More »
Exploring the Factors and Examples That Cause Hyperinflation Hyperinflation is a term that strikes fear into the hearts of economists and ordinary citizens alike. Historically, we’ve seen examples of hyperinflation, from Germany’s Weimar Republic to Zimbabwe, and the devastation it can bring to an economy and society. After the unprecedented amount of money being printed
Why Haven’t We Seen Hyperinflation? Read More »
The Economic System: Is it Fake, Unsustainable, and Designed to Benefit the Wealthy? The current state of the economy is a hot topic of discussion among economists, politicians, and everyday citizens. Many people are concerned about the growing income inequality, the rising debt, and the lack of economic opportunity for ordinary people. In this context,
The Economy Is Fake, the Jobs Are Fake, the Money Is Fake Read More »
As we approach spring 2023, the US housing market has not crashed nationally. Not even close. The most significant drops in home prices have been in the same metropolitan areas that also have had the biggest run-ups in price since 2020. According to Newsweek, the cities with the biggest drops in home prices so far
The Disturbing Details Of The 2023 Housing Crash (Details Explained) Read More »
“It’s just part of the business cycle” has become a typical response to financial crises, stock market crashes, and recessions. However, it’s never just part of the free market when real people who lose their jobs, homes, and futures feel the repercussions of monetary policy, speculation, and bubbles. This article will use historical events as
The Real Cause of All Recessions That Nobody Talks About Read More »
This article examines the Cantillon Effect’s relevance in the current economic environment. The Cantillon Effect is a monetary phenomenon where the initial recipients of new money see a disproportionate benefit while the latter face a diminished effect. This article will provide an in-depth analysis of the Cantillon Effect and its implications for the global economy,
What is the Cantillon Effect? Why It’s So Important in 2023 Read More »
Paul Tudor Jones became famous after appearing in the PBS documentary The Trader in 1987 where he anticipated a stock market crash. He used stock index futures to triple his capital under management during the Black Monday crash in 1987 with large short positions while most other traders were ruined or suffered huge losses. His
Paul Tudor Jones: We are getting ready to deploy our recession playbook Read More »
Oil supply and demand Even though the United States is the world’s biggest producer of oil it still uses more than it makes requiring imports of oil. The world currently uses approximately 100 million barrels of oil a day, the U.S. produces about $18.8 million barrels a day in 2022 up from 2021. However the
The Worst Oil Crisis In 40 Years Has Started Read More »
With the globalization of world trade, national economies have never been more interrelated which means that when one country slows down it can have a ripple effect across the entire world. Below are the world’s top export countries that shipped the highest dollar value in exports during 2021 and the growth over 2020. 1. China
China Is About To Cause A Global Recession Read More »
In economics, stagflation also known as recession-inflation is a situation in which both the inflation rate is high while the economic growth rate slows at the same time the unemployment remains high over time. It creates a problem for monetary and economic policy makers because actions taken that are intended to lower inflation may make
What is Stagflation? Read More »
A Cantillon effect is a change in prices related to one another that was caused due to a change in the money supply, first discovered by Richard Cantillon an 18th-century economist. History shows that some assets are favored over other ones when extra money is available in the economy for spending and investing. These preferences
Here are 50 of the best economics books every published based on the list in 50 Economics Classics: Your shortcut to the most important ideas on capitalism, finance, and the global economy by Tom Butler-Bowdon. Milton Friedman: Capitalism and Freedom Friedrich Hayek: The Use of Knowledge in Society Deirdre McCloskey: Bourgeois Equality Karl Marx: Capital Ludwig
Best Economics Books Read More »
Milton Friedman (July 31, 1912-November 16, 2006) was a famous economist and statistician who was awarded the 1976 Nobel Prize in Economics for his research and work on consumption analysis, monetary history and theory along with the complexity of stabilization policy. Friedman was one of the intellectual leaders of the Chicago school of economics, associated
Best Milton Friedman Quotes Read More »
Since we all have limited time, energy and resources every decision we make comes with a trade off. Even procrastinating, making no decision and doing nothing is a trade off versus potential action and opportunities. Making any choice changes the course of our life and collapses potential paths to your future. At any one time
What are Trade Offs? Read More »
What is the current national debt? The current national debt in June 2021 for the United States is approximately $28.4 trillion U.S. dollars. This is more than $3.2 trillion from a year ago, when it was approximately $24.9 trillion U.S. dollars. This debt increases the amount of U.S. dollars in circulation and can cause inflation
Current National Debt 2021 Read More »
Below is a list of the current largest economies in the world in 2021 based on the most recent data available. Nominal GDP in U.S. Dollars: Measures and compares GDP between nations by considering local prices and local currencies converted to U.S. dollars. This the primary number that determines a countries ranking on this list.
Current Largest Economies in the World 2021 Read More »