On Tuesday, February 1st 2022, the U.S. Treasury Department published the total public debt outstanding hitting $30 trillion dollars! This includes the increased in spending by the U.S. government in addressing the nation’s economic plight from the global COVID-19 pandemic.…
Fiscal policy is determined by the federal government on three levels: (1) changing tax structures to maximize revenue collection, (2) regulating government spending based on the pulse of current economic activities and plans for future economic growth, and (3) overseeing/managing…
The CNBC video provides a succinct summary of efforts taken at local levels to address the devastating effects on land especially housing from natural disasters. These natural calamities are occurring not only more frequently, but also taking place for prolonged…
The PBS Frontline video provides a summary of events leading to a trade war – started since July 2018 – between the United States and China under the Trump Administration to help increase domestic production of goods that will reduce…
The 3 key roles of money are to serve as a medium of exchange, as a unit of account and as a store of value. These roles have shaped the evolution of the banking system from the roman churches to…
According to the Bureau of Labor Statistics, the all items Consumer Price Index rose6.2% for the 12 months ending October 2021 – the largest 12-month increase since the periodending November 1990. The food and energy indexes alone accounted for an…
According to the Federal Reserve Economic Data (FRED) website, April 2020 recorded the highest unemployment rate during the COVID-19 pandemic at 14.8%. As of October 2021, the unemployment rate has reduced to 4.6%, but is still higher than the pre-pandemic…
The wholesaler company, Costco, started limiting the number of bundled toilet paper-rolls each membership cardholder could buy per visit recently, in late September 2021. The last time it did this was at the beginning of the pandemic back in March…
“To wear a mask or not to wear a mask?”“To get the COVID-19 vaccine or not to get the COVID-19 vaccine?” These questions are politically charged in our society during this pandemic. Will the responses be different from an economics…