Economics Archives - Page 19 of 23

Hyperinflation Is Already Here: You Just Haven’t Realized It Yet

hy·per·in·fla·tion (hīpərənˈflāSHən/) noun monetary inflation occurring at a very high rate. Hyperinflation could have already taken hold when you look at the increase in prices of food, cars, rent, and homes in the past three years. Despite assurances from policymakers that inflation is under control, an objective look at recent economic policies and market behaviors suggests an […]

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18 Lessons About Money: The Psychology Of Money

Economics / Steve Burns

The eighteen lessons about money you will learn in this article intersect the tangible world of finance with the intricate layers of human psychology. The psychology of money isn’t merely about numbers, investments, or savings; it’s about understanding how our perceptions, behaviors, and societal norms influence our decisions with every dollar. As we unpack these

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How the Rich Get Richer: Money in the World Economy

Economics / Steve Burns

The way money and finance work in the global economic system tends to make the rich even richer while leaving behind average citizens. Central banks printing vast sums of cheap credit, combined with the deregulation of the banking sector, have created an avalanche of money flooding financial markets. This tidal wave of easy money provides

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The Middle Class and Why It’s Disappearing

Economics / Steve Burns

The middle class has long been considered the backbone of the American economy, providing stability and fueling growth. However, in recent decades, this once-dominant group has begun to shrink, raising concerns about the future of the nation’s economy and social fabric. This crucial segment of society has faced various challenges that have eroded its financial

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Where Money Comes From

Economics / Steve Burns

Understanding the genesis of money is crucial for anyone keen on decoding the intricacies of modern economics and finance. The mechanisms of money creation, driven by central banks, commercial banks, and even novel digital currencies, underpin our entire economic system. By delving into the multifaceted processes of how money comes into existence, you’ll gain invaluable

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Don’t Keep Your Cash In The Bank: 6 Assets That Are Better & Safer Than Cash

Economics / Steve Burns

In an age of low-interest rates paid by banks and unpredictable economic events, keeping your money parked in a bank account may not be the smartest strategy for wealth preservation and growth. The phrase “Cash is King” has lost some validity, giving way to more robust and dynamic financial planning. The key to sustainable financial

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The Scary Parallels Between The Great Depression And Today

Economics / Steve Burns

History holds many lessons. Looking back, it’s pretty alarming to note the striking parallels between the Great Depression of the 1930s and today’s economic climate. Echoes from the past seem to be resounding louder than ever. Many people will point to the differences between 2023 versus the Great Depression. Still, they may not remember the

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The History of Paper Money: Origins of Exchange

Economics / Steve Burns

This blog post will explore the origins of paper money. We’ll delve into various civilizations and their contributions to the monetary world of money. I will explore the steps paper money took throughout history as the origins of exchange evolved into our modern-day national fiat currency system. Early Barter Systems: The Precursors to Paper Money

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Lessons Learned from the Great Depression

Economics / Steve Burns

As we look back on the Great Depression, we are reminded of the profound impact this economic crisis had on society. This dark period in history, from 1929 to 1939, has taught us valuable lessons that policymakers like politicians and central bankers could apply to today’s economy. In this blog post, I will explore ten

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Hyperinflation – Germany 1923

Economics / Steve Burns

I love exploring monetary history. In this blog post, let’s take a trip through time to one hundred years ago and delve into one of the fascinating economic events of the 20th century: the hyperinflation crisis in Germany in 1923. It’s a period that often leaves us scratching our heads, wondering how a country could

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