Category: Economics

Inflation this year I wanted to write an article about will we have inflation or deflation. But the reality is there is little debate as to which we will have. Please watch the video in this post on that subject as it is interesting for an economic video. Inflation will start to pick up a…

Abolish the Federal Reserve banking system I am getting a Ph.D. in Economics and one fact is clear. From 1787 to 1913 the dollar went from $1.00 to $1.06. In 1913 the Federal Reserve Bank was created and the US dollar in 1913 is now worth $.04. That is right 4 cents, not to mention…

Why low rates of interest can cause deflation – an insight for today from Wicksell The aim of the post is to clearly explain why in times of falling interest rates there is often deflation. Further, how does this related to today’s economy. I will explain it in terms of a simple model put forth…

This post asks is deflation bad or good? Deflation is good when: It happens because technology and capital investment improve the production process and increase producer output, causing more supply of a good at a lower costs. For example, AI and Amazon delivering in 1 or 2 days. Computers in the 1970s were millions of…

Swiss banking is a red flag. If you are considering having a secret Swiss bank account, I highly recommend you think again. It is the biggest red flag in the whole world. It is crazy to even think of having an account there. There is one modern alternative to a Swiss bank account, it is…

The cause of the Great Depression is easy to understand. However, when I ask my students on an exam, they give me answers that they obtained from the web that have inaccuracies. Therefore, I thought it imperative to address the Causes of the Great Depression in a way that would be palatable to students and…

The purpose of this post is to explain Islamic economics clearly for a Westerner. I wrote this because I see a lot of information on the web about Islamic economics that is confusing because people are debating the details of economics according to the Koran and missing the overall intent. People get lost in the…

Every armchair economist has asked the question, will a Great Depression happen again? It is certainly a worthy question. I will answer it not based on economic theory, as this would have to be a very large post. I am arguing that there will be no great Depression because history never repeats itself in exactly…

Why do I advocate for leaving the USA and living in a foreign country aboard? The job market is not great and how many reruns on TV can you really watch anyway? Political and economic news is boring after a while (except for my website, please subscribe). You check your favorite sites on the Internet,…

My aim is to give you the basics of economics in one lesson.  If you are considering studying economics or studying now this post will be a useful summary. If you are in the workforce and have no academic interest in economics it will be of great value, as it will explain the way the…