Milton Friedman (July 31, 1912-November 16, 2006) was a famous economist and statistician who was awarded the 1976 Nobel Prize in Economics for his research and work on consumption analysis, monetary history and theory along with the complexity of stabilization policy. Friedman was one of the intellectual leaders of the Chicago school of economics, associated […]
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Since we all have limited time, energy and resources every decision we make comes with a trade off. Even procrastinating, making no decision and doing nothing is a trade off versus potential action and opportunities. Making any choice changes the course of our life and collapses potential paths to your future. At any one time
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What is the current national debt? The current national debt in June 2021 for the United States is approximately $28.4 trillion U.S. dollars. This is more than $3.2 trillion from a year ago, when it was approximately $24.9 trillion U.S. dollars. This debt increases the amount of U.S. dollars in circulation and can cause inflation
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Below is a list of the current largest economies in the world in 2021 based on the most recent data available. Nominal GDP in U.S. Dollars: Measures and compares GDP between nations by considering local prices and local currencies converted to U.S. dollars. This the primary number that determines a countries ranking on this list.
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John Maynard Keynes was a legendary English economist in the first half of the twentieth century. He was a trailblazer in economic thought and had new ideas that fundamentally changed the theory and practice of macroeconomics along with the economic policies of governments that continue to this day. He was originally a mathematician, but evolved
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What is the difference between positive skew versus negative skew? Skewness is the measurement of a a coefficient that has the ability to be positive, negative or neutral (zero). The coefficient of the skew is the measurement of the magnitude of the symmetry in the distribution of outcomes of a specific data set of occurrences.
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A fiat currency is a type of money that has no intrinsic value and can’t be exchanged for any physical commodity or good. A fiat currency is usually created inside a national economy and is legal tender for the buying and selling of goods and as payment for all debts both public and private inside
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One big question so many people currently have that are knowledgeable about economics and investing is “What the hell is going on with the stock market?” As the pandemic expanded around the world in late February and early March economies of entire countries and then U.S. states started to shut down and quarantine their citizens
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The efficient market hypothesis or ‘EMH’ for short is the theory in economics that believes all known information is already reflected in current stock prices. The followers of this hypothesis believe that due to this fact it is not possible to beat buy and hold investing over the long term in returns or even in
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Money is any accepted unit or verifiable ledger that is used and accepted for transactions of goods and services, payments on debts, or tax collections inside a specific geographic area, nation, or union. Money is defined as anything that functions in two way transactional exchanges, it can be measured in units in an account, deferred