Have you walked through a supermarket and wondered why oranges, beef, and a box of Oreo cookies are priced the way they are? Well, various economic and societal factors explain the costs, Continue Reading
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 bubble happens when, for some reason, Continue Reading
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 Continue Reading
Some say that capitalism leads to a greater gap between the rich and the poor, but the middle class didn’t exist before this system. The reason for this was discovered by the Continue Reading
Capitalism vs Socialism: What Is the Difference?
There has been a lot of talk about capitalism and socialism. Some people want the government to have more control in the lives of everyday Americans in a socialist system. Others say Continue Reading
Have you ever made money doing chores at home or by setting up a lemonade stand in your neighborhood? Have you earned pocket money, or used a dollar bill in a store? Continue Reading
Taxes are a key issue in society since almost everybody has to pay them. So, what exactly is taxation? Taxes are money that each person or business has to give to the Continue Reading
The economy grows and shrinks, and we call this the boom and bust cycle. When the economy is growing, we call it a boom. When the economy shrinks, we call it a Continue Reading
The official money of the United States is the dollar. It’s equal to 100 cents, or pennies, and is represented by the $ symbol. The US dollar began with the Coinage Act Continue Reading