Tag: Economy

Why You Will Be Poorer Than Past Generations

Why You Will Be Poorer Than Past Generations

It was once easy for people to live within their means. Our parents and grandparents may have earned a low income by today’s standards, but they were able to buy a lot more with it than many people can buy with their income today. In a 2016 article, Guardian finance editor Patrick Collinson shares some …

💧💎 The Value Of Things – How Do We Determine It?

💧💎 The Value Of Things – How Do We Determine It?

How do we determine the value of things? Aristotle had asked a question that remained unanswered through centuries: Why water that is vital for all life is cheap, while diamonds are expensive, even though we can live without them? We had to wait a long time for an answer provided by economic law of diminishing …

💲 Money Creation | How does it work?

💲 Money Creation | How does it work?

Money creation: described by many as the biggest scam in the history of mankind; for others it’s a blessing and a driving force of the economy. For John Maynard Keynes it was a process that “engages all the hidden forces of economic law on the side of destruction, and does it in a manner which …

How America’s Marginal Tax System Actually Works

How America’s Marginal Tax System Actually Works

This was the Internet’s reaction to Alexandria Ocasio Cortez’s proposed tax increase. Ocasio Cortez has suggested a 70 percent tax on the super rich to pay for the new Green Deal. But it means that as you climb up this ladder, you should be contributing more. There’s a lot of conflicting opinions out there and …