One of the most overlooked subjects in public education is the history of money. How it’s made, what it is, who is in charge of it, and where it comes from. Most of us hardly give it a second thought, except to check whether we have enough, and to scheme on ways to get more.[…]
Interest rates are rising. Will they continue? In our first In-Depth series on the subject, we discussed how falling rates fleeced the elderly of their retirement. On a long-term chart, there is no doubt that rates have been steadily falling. But since 2016, rates have been creeping upward. The great unknown is if this rate creep[…]
Economics is a funny thing—you can fill a room with economists and ask a seemingly elementary question like, “Define inflation for me,” and you’ll find there is no clear answer. One may talk in terms of rising prices, while another may argue that rising prices are simply a symptom of inflation, much like a fever[…]