Economics For Real People

This new paper money helps to accelerate trade, but is too easy to counterfeit.

The best cure for this problem would be not to use paper receipts (money) and just use coins.

OR

Get the government involved.

Anti-counterfeit Laws

For the most part anti-counterfeiting laws are just modified theft/robbery laws.  Read more... (269 words, 4 images, estimated 1:05 mins reading time)

10min 16sec

Adams Smith ideas explained by William Miller

*notes on Economic Utility @ ’0:08′

*notes on John Locke @ ’0:13′

*notes on Invisible Hand Theory @ ’4:45′

The basic idea is (total federal debt) / (# of people) = {how much everyone owes}


When {how much everyone owes} gets closer to the amount an average person makes per year.
History says ..... bad things happen to a nation

Click on title link to look at quick graph

or

Do the math yourself: (total federal debt){U.S. Treasury} / (# of people) {U.S. Census}

$13 Trillion / 309 Million = $42,000/person

May 31, 2010-TABLE I -- SUMMARY OF TREASURY SECURITIES OUTSTANDING

Answer:   Economics = the Study of scarcity (how much of something)

This is a series about common ideas of economics that effect people put in easily understandable text.

Governments were the solution to the economic crisis. Now they are the problem

IT’S not quite a Lehman moment, but financial markets are more anxious today than at any time since the global recovery took hold almost a year ago. The MSCI index of global stocks has fallen by over 15% since mid-April. Treasury yields have tumbled as investors have fled to the relative safety of American government bonds. The three-month inter-bank borrowing rate is at a ten-month high. Gone is the exuberance that greeted the return to growth (see article). Investors are on edge.

What lies behind these jitters? New nervousness about geopolitical risk, with tensions rising in the Korean peninsula, has not helped. But that comes on top of two wider worries. ...