Browsing: Debt

Ray Dalio’s free YouTube video “How the Economic Machine Works” is one of the most practical, straightforward, and useful guides…

The aim of war, as in World War Two, is to accumulate as many resources as one could, such as…

A recession is technically defined as two consecutive quarters of the fiscal year with a decline in the gross domestic…

Hyperinflation is a situation of very high, fast, and uncontrolled increases in the prices of goods and services in the…

The current monetary system brings into being an unlimited currency supply, which in extreme cases creates inflation. The invention of…

The previous article talked about the concept of international trade. This paper aims to explore more thoroughly the relationship between…

Central banks can generate a virtual currency called central bank reserves. Banks can use these reserves to transfer payments to…

Where Money Comes From Banks create currency. Money does not originate from economic activity. Many people have the misconception that…

My earlier articles introduced the subjects of how money is created by central banks and commercial banks, as well as…

Financial debt is the obligation to pay money to an individual, company, or establishment where you borrowed funds. You had…