Public opinion of the Fed is that of being a vigilant watchdog of inflation. Always seen as watching economic indicators and ready to adjust the interest rates in order to "fight" inflation. This is of great irony, because it is the very same Fed that is ...
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Would you lend money to a counterfeiter? I wouldn't think so. Then why do countries such as China and Japan hold over $1 trillion each from the US which has recklessly been printing greater and greater amounts of money since going off the
gold standard? P...
Read > Why are diamonds valued more than water? Water, not diamonds, is necessary for life. So shouldn't it be more valuable? Classical economists puzzled over this question and named it the value paradox. Scarcity of goods is what causes humans to attribute val...
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Instinctively our minds are wired to detect patterns. Any person looking at a typical stock price chart will feel that he/she can predict where it will go based on where it has been.How strong is the pattern recognition of humans? Consider the following d...
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Consider a simple scenario where an individual has some grain. He could either:Eat all of the grain now and over the course of winter. Eat the bare minimum of grain to survive and save the remainder to plant next year's crops. What are the consequences of...
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I have a growing concern regarding paper money. That concern is what defines a "dollar". A dictionary definition describes a dollar as being a basic monetary unit equivalent to 100 cents. Further investigation reveals that a cent is equal to 1/100th of a ...
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"By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens." (John Maynard Keynes, chief architect of our present-day fiat money system)The Mission Statement of the Federal...
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