It is commonly taught that we need a stable increase in prices in order for our economy to grow. We are told, after all, gold does not expand quick enough to accommodate rapid economic gains. But is it possible for…
Accounting tricks have been the governments game for quite a long time, and 2014 is anything but an exception. We are led to believe that unemployment rates are rapidly declining, the economy is rapidly growing, inflation is non existent, and…
There has been a century old debate of whether Keynesian or Austrian economics is best. Here is an infographic highlighting the main points of each
Keynesian Economics 101 in 4 Simple Lessons Since Keynesian economics has reined supreme among mainstream economists for decades, you might want to know some of the basics. If this is confusing to you though, don’t worry about it! There are people in charge…
Late last night I was picking up a friend from work in Downtown San Diego when I was stopped at a DUI checkpoint. I generally stick to my expertise of economics, but after being unlawfully detained I felt it only…
The other day a very strange thing occurred – a Los Angeles Times Business Section from August 2003 blew onto my front yard. Normally I would just ignore and throw away an old newspaper, but since the date is from over 10…
The folks over at Biz Brain were able to put together this great infographic concerning the largest booms and busts throughout human’s economic history. As mentioned, bubbles are formed when a particular asset or item is valued at an extreme…
By Student Doctor Matthew J. Schrader OMS I, MPH candidate Supporters of the Affordable Care Act often complain that the population (that consists of over half the United States) in opposition to this new law lack a valid way to…
After re-watching an episode from the show Malcolm in the Middle, I was shocked to see that Reese was so well versed in Keynesian economics. Behold both Reese and Helicopter Ben have the same plan to enrich the citizens of…
On December 18, 2013 the Federal Reserved announced it would taper $10 billion to it’s $85 billion a month asset buying program. This is a $5 billion a month reduction to both its mortgage-backed securities and Treasury bond purchases. What…
