The 2008 housing bubble and ensuing financial crisis and Great Recession of 2009 were unprecedented global events that completely changed the world, yet despite this most people do not understand …
"inflation"
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Raising the minimum wage is a popular course of action for many people, as it sounds desirable. Whether it be a living wage or an increase to $12 an hour, …
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Unlike generations before them, millennials have accumulated far less wealth at an early stage of life. Part of that is a mindset that values consumption over saving, and part is …
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In 1871, Carl Menger published his Principles of Economics, in which he argued that economic analysis has universal principles and that the individual and the individual’s choices are the acceptable …
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If you think it’s getting more and more expensive every year to maintain your current standard of living, that’s because it is. From housing to education to food, everything is …
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Many advocates of socialism argue that what they want is Scandinavian socialism or European socialism. The problem with that is those countries they point to are economically very free market …
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The bad news coming out of Venezuela just keeps getting worse. Over a year into its hyperinflationary crisis, the Venezuelan regime is clinging to anything it can to keep itself …
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Imagine you’re a dictatorial South American leader. You’ve printed so much money that it’s absolutely worthless and won’t buy anything. If that weren’t bad enough, you decided to implement price …
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New South African President Cyril Ramaphosa has vowed to accelerate the pace of land redistribution, seizing land from white farmers and giving it to blacks. The ruling ANC party, perhaps …
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While stocking up on supplies and learning useful skills is an important part of prepping, that isn’t the be-all and end-all of survival preparation. There are plenty of intangibles that …