It starts with a need to get out of England because the ruling class was making life hard for them. It ends up as one of those myths that anyone can insert whatever truth they want into. The story of the Pilgrims is a worth a hard look because we have a lot in common with them right now – a kind of blind faith that is dangerous not because it comes from optimism or morality but in something even stranger.
Home » Money (Page 115)
Category Archives: Money
Economics and commerce, all built from scratch.
Currency
I’ve been thinking about money lately. No, not just because I need more of it, but that haunts all of us from time to time. I’ve been thinking about how the various attempts at making our US currency more colorful and difficult to slap into a copier and come up with a decent counterfeit have only highlighted how incredibly lame our currency is compared with other nations.
First Job
Think back for a moment to your first summer job. You may have landed an unpaid internship, or if you were as lucky as I was a grunt job doing all the things no one else wanted to in a power plant. It probably wasn’t glamorous or particularly exciting, but the odds are you learned a lot. If you can remember your first summer job, I can peg you as probably being over 25 years old and getting on in your “real” career. Summer jobs like you had don’t tend to happen anymore.
Big Mac Index
Very few people in the USofA have ever worried about currency exchange, at least once they returned from a vacation in another nation. The US Dollar has been a stable rock in the world that simply has not been subject to the ups and downs of foreign commerce as much as other currencies. That may be about to change dramatically, so it’s worth thinking about how currencies move in the mysterious world known as Foreign Exchange (ForEx).
Young at Heart
An economy that is struggling needs an injection of cash to get it going again, at least according to basic Keynesian economic theory. That’s more or less what our government is doing right now, and we’re running up massive debts in order to do it. The biggest concern is how this debt will cripple the next generation when they have to pay it down. Surprisingly, however, this may be a lot easier than we think because the USofA is, by one important measure, a younger nation than it has been in a long time and worth a significant investment. The issue is, as always, what we get for our money.
Barataria - The work of Erik Hare 