Browsing: inflation

The Great Depression was a worldwide disaster, with millions of people falling into poverty. In America, many people waited in…

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…

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…

In earlier posts, we explored the creation of money by central and commercial banks. This creation process is a carefully…

In the last discussion, we covered how central banks evolved as a way to address the issues that arise when…