Political campaigns often cost millions of dollars, and much of this money is raised through donations. But what happens if a candidate drops out of the race, or doesn’t spend all his or her funds before election day? The Federal… Read More
One of the most exciting places to be in this world is on a stock exchange. Every day, billions of dollars worth of stocks, bonds, exchange-traded funds (ETFs), and every other financial asset are transferred from one person or company… Read More
By now, you may have learned about the success of bitcoin. There has been a lot of talk over the years that bitcoin would eventually replace the U.S. dollar but others predict it will probably co-exist with traditional currencies. So,… Read More
Have you walked through a supermarket and wondered why oranges, beef, and a box of Oreo cookies are priced the way they are? Do you ever think about why gasoline prices fluctuate day to day? Well, various economic and societal… Read More
Politics is expensive, and fundraising is a huge part of winning a seat in Congress or the Oval Office. When it comes to elections, does more money mean more votes? Dollars and Cents of Elections Spending for a White House… Read More
There is a lot that baseball can teach us about economics. In part one, we looked at creative destruction, subjective value, and how both economic principles are at play in baseball. Now let’s examine a few more. Self-Regulating Markets You… Read More
Baseball is a game of failure; you are going to groundout, flyout, and strikeout more than you are going to get a base hit or a walk. And there’s a lot that the sport can teach about economics, too. Let’s… Read More
Congratulations. You are living through one of the most prosperous times in American history. This is stage three of a bubble: Euphoria. Bubblemania: A Primer A market bubble is defined in one of two ways. The first is that a… Read More
Everybody is a borrower and a lender in today’s economy. Every time a person uses a credit card, they are borrowing money from a credit lender. In each transaction, interest is involved. But what is interest exactly, and how does… Read More
It seems like everything is put on credit these days. From lunch and movie tickets to paying for a college degree, consumers are living on borrowed money. Governments are also relying on credit to keep their doors open, and businesses… Read More
You have probably heard by now that the national debt is the biggest it has ever been and that it’s only growing, as each year sees a new record high. But what is the national debt? And why should we… Read More
The United States is the world’s largest economy, recording a national output of $21.526 trillion. Private companies produce goods and services the entire planet enjoys daily. From the Apple iPhone to a McDonald’s Big Mac, the American economy has had… Read More