Capitalism has been raising the worldwide standard of living for years. Before the coronavirus pandemic paralyzed the planet, the World Bank’s global poverty rate slipped below 8%, down from 10% in 2015. But governments around Continue Reading
For years, Black Friday has been the informal name for the Friday following Thanksgiving. It has turned into a $60 billion a year spending spree. Since this is a 24-hour period that Continue Reading
It has been said that if you are not a socialist before you are 25, you have no heart; if you are a socialist after 25, you have no brain. Young people Continue Reading
In recent years, the young generation has shown a huge interest in the field of economics. Once considered a boring subject, economics is now easier to understand than ever before. Whether it Continue Reading
After the Coronavirus outbreak was declared a pandemic, Congress passed stimulus and relief packages that cost trillions of dollars to help people who had to stop working because of the lockdown. But Continue Reading
Six months can make a huge difference in the stock market. After the Coronavirus outbreak, the market saw a meltdown. But now stocks have recovered. Two companies have done so well that Continue Reading
Bill Gates and Elon Musk have said that artificial intelligence (A.I.) and the automatization of work will put much of the population out of work. They think the only answer is universal Continue Reading
Around the World - Middle School Economics & Money - Middle School Hot Topic - Middle School Middle School ~ Liberty Discoverers
What Has Socialism Done to Africa?
Why is Africa still mostly poor? Some say it was colonialism that turned the continent into a wasteland of corruption and poverty – but could there be another reason? The continent remains Continue Reading
President Donald Trump has delivered on a campaign promise to ditch a 25-year-old trade agreement and replace it with something of his own. The president’s new treaty – the USMCA – is Continue Reading
The idea of a Universal Basic Income (UBI) is becoming more and more popular, especially in the hard times of the Coronavirus. Millions of people have suddenly lost their jobs and may Continue Reading
What started as a promising year quickly turned sour thanks to Coronavirus. Small businesses are losing money, millions of Americans are out of work, and the medical system is strained in several Continue Reading
Around the World - Middle School Economics & Money - Middle School Hot Topic - Middle School Middle School ~ Liberty Discoverers
The Soviet Union Shows Why Socialism Doesn’t Work
Like every other socialist experiment throughout the 20th and 21st centuries, price controls, production quotas, central planning, and totalitarian government were present in the Soviet Union. And, like all the other examples, Continue Reading
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 Continue Reading
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 Continue Reading
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 Continue Reading
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 Continue Reading
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 Continue Reading
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 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 market bubble is defined in one Continue Reading
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. Continue Reading
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 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
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 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 capitalism. Around the world, people who live in socialist countries Continue Reading