The issue of credit is so intertwined with our current economic system, it is critical that it be researched, discussed, and brought to the light of the public. What is credit? Webster defines it as the “reliance on the truth or reality of something”. Simple enough. The Federal Reserve controls the supply and creation of [...]
Since the Great Depression, the federal government has taken an increased stake in the farming industry. The Agricultural Adjustment Act, enacted in 1933, is considered to be the first modern farming bill. The Act provided subsidies to farmers who left some of their fields undeveloped in an effort to reduce the crop surplus and therefore [...]
The main arguments against capitalism, that I’ve heard, include that it’s an unfair system primarily about greed and taking advantage of your fellow man. Arguments for government intervention and social planning can sound attractive. “Free” education, “free” health care; as the laundry list of “free” items stack up, it sometimes sounds too good to pass [...]
Today, for the first time since May 1, 1997, the Dow closed below 7,000, down 4.24% to 6763.29. It has been nearly twelve years since the market has seen these levels, and that was when the tech boom was going full throttle, well before the 2000 correction. Did we even have a complete correction in [...]
Over the past couple weeks in my school we’ve had the nice opportunity to have a small class on personal accounting, budgets, banking, taxes, etc. Everyone made a rough budget estimate for necessities they would have to provide for themselves once they were out on their own in the real world. Basics like rent, food, [...]
I’ve been investing in individual stocks since 2005, when I was just 12 years old. The idea of owning part of a business fascinated me. Over the past several years probably 95% of all the money I earned doing odd-jobs around my community went into individual stocks that I researched and analyzed on my own [...]
