Government

The United States doesn’t want a second installment of the Korean War, but what would happen to the domestic and world economy if fighting were to occur? Though political rhetoric around the North Korean crisis has been dialed up to an 11 via social media, the 24-hour news cycle, and other sources of information, few

Janet Yellen appears to be on her way out as head of the Federal Reserve, and all eyes are on a shortlist of potential replacement candidates, particularly those with pull in the Trump administration. Each Federal Reserve chair serves four-year terms, and Yellen’s expires in February 2018. It appears President Trump carries a shortlist of

Realistically, the Fed has no direct control over the country’s inflation, GDP, or employment. Instead, it has to utilize monetary policy tools, like an adjustment to the federal funds rate, to affect the aforementioned economic variables indirectly. It must use the rate to stimulate or slow the economy, as well as the tool of adjusting

Ever wonder what actually caused the Great Depression? It might hit close to home once you take a careful look. The Great Depression happened far enough in the past that it doesn’t seem all that real to today’s young scholars. The Depression may occupy space in history books and is certainly a part of standardized

Surely, we learned our lesson during the peak of the housing crisis in late 2007 – right? Not so fast. According to recent indicators, we might be on the brink of another bursting bubble. The world was a different place in early 2007. You could still purchase or refinance your home using largely stated income,

Shockingly, Similar Great Depression-esque economic factors are prevalent today, just as they were during the end of the Roaring 20’s and the start of the Turbulent 30’s No one ever refers to the “Aughties” (from 1900-1909) or the Turbulent Thirties (1930-1939) when reliving history – it’s always about the Roaring 20s or the Swinging 60s.

Central banking is still a relatively new phenomenon, at least from a historical perspective. The first central bank, The Riksbank in Sweden, only dates back to the 17th century. The second central bank—and the one from which most modern central banks are based—is the Bank of England, founded shortly after William and Mary assumed the

I say that because convenience in America is no less addictive and potentially no less deadly than heroine. Once exposed to convenience, Americans can’t do without it and will “chase the dragon” forever to keep it. My purpose in writing this article is to draw attention to the dangerous propaganda currently and effectively being promoted

On September 24, 2008, in the early stages of one of the worst recessions in American history, President George W. Bush addressed the nation to propose a dramatic bailout plan for the financial sector. In an attempt to sell the emergency bailout to the American public, Bush spoke of the “need to preserve the foundations

Trump either makes good on his campaign promises or risks disillusioning his base…all while the economy hangs in the balance. Ask a hundred people on the street if they feel a newly inaugurated President has any chance of keeping campaign promises during their first term, and you’ll likely see a lot of eye rolling and