Browsing: Loans

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

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…

Deflation is the contraction of the currency supply. Most countries have a central bank that acts as a key player…

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

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

Banking is the branch of finance that provides various financial services linked to the movement of money like credit facilities,…

A loan is money borrowed from a lender that must be paid back. The borrowed money called the principal, must be returned with additional charges called…