Government Economic Policy Importance
The selection of projects of national interest and the spending to accomplish them affect the nation's GDP more than any single corporation.
Category: Economics
Earning a living, investing for retirement, and understanding how world events impact our living standard.
The Invisible Hand’s Scar
We all pay more for less when enterprises violate the integrity of the free market.
Missing Side of Budget Debates
In making budgetary decisions, the change in net worth is at least as important as a yearly deficit.
Law of Selfish Action
A selfish action by one person may be good for that person, but if all people make the same decision - it can be bad for everyone.
Fallacy of Composition
It’s easy to overlook, if everyone makes the same choice, the entire system changes.
OPEC Extra Cost
High price of oil have elevated prices for all manufactured goods as well as across the transportation sector.
An Empire of Wealth. John Steele Gordon
... much to admire about the book; nonetheless, the antagonism to the Glass-Steagall Act was striking in revealing Gordon's short-sightedness to the coming financial crisis, with banks taking massive risks with depositors money that the…
Inflation Measurement
Actual inflation occurs when your income can't buy the same daily goods with your salary
Deflation and Falling Energy Prices
Declining gasoline, diesel, and petrochemical prices help the non-energy economy grow, boosting activity that 90% of the GDP that is not in the energy sector.
Gas Price Inflation
In Twilight Zone episode, gas is 32.9 cents/gal. Now it's 10 times higher. What's the inflation rate?