Most Americans think that war is good for the economy.  This is a fairly unique perspective.  I doubt people in many other nations have this perspective because the US has exclusively fought our wars somewhere else since the Civil War…

Update: 2018 Presidential candidate Ted Cruz wants to return to the gold standard.  Is there is enough gold to do so?  The short answer: Yes, there is enough gold in the world to go back on a gold standard, but…

Fed chair Ben Bernanke thinks he had the best record on inflation since WWII because he held inflation down so low, but Moneybox argued that he actually had the worst because higher inflation would have been beneficial to the economic recovery:…

Most people hate inflation and think that deflation would be a wonderful thing because deflation means that the value of money is rising.  It sounds like money for nothing because your money grows in value as it sits in your…

Yi Wen, the Assistant Vice President of the St. Louis Fed and his Research Associate, Maria A. Arias wrote an article which blamed the great recession of 2008 on, “the private sector’s dramatic increase in their willingness to hoard money instead of spend…

Considering how important and obvious zero is to educated people today, zero is a surprisingly difficult concept.  Most children under the age of five cannot grasp it at all and it was unknown for most of human history.  The Romans…