The Federal Open Market Committee (FOMC) is a governing body that sets monetary policy for the Federal Reserve System. It’s made up of 12 members. These members include 7 members of the Board of Governors and 5 of the 12 Reserve Bank presidents. The Chairman of the Board of Governors also serves as the Chairman of the FOMC. And,
Over the past seven or eight years, right across the world, many people have felt the negative effects of the fallout from the international banking crisis. Although such a drastic downturn thankfully doesn’t happen all that often, the ebbs and flows of the financial world mean that economic downturns of different shapes and sizes do come along quite regularly.
Small businesses are one of the most important aspects of the overall economy in the UK. There are many people who are interested in starting their own business. Every year, there is a Small Business Saturday where people are encouraged to go out in to their local communities and help local companies succeed. Here are several reasons why this
What’s the most reliable way to identify an amateur at a poker table? I’ll give you a hint, it’s not the guy making mistakes. It’s the one who gets loudly angry at him for making mistakes, when he loses in an unlikely fashion he just can’t stand to keep his mouth shut and just has to explain at length why
It takes considerable knowledge just to realize the extent of your own ignorance.
The easiest way I’ve found to learn any subject in particular is simply by reading books. Reading lots of books. If you want to learn something about economics the best place to start is Basic Economics by Thomas Sowell. This is a very math-lite introduction to
Here’s another article saying that if you don’t go to college you are missing out on $830,000 of income. Holy crap! With information like that, I better start saving now to send my future kids to super expensive colleges!
As you know, I’m not a fan of the “send everyone to college” mentality that has prevailed over the last few
At some point in your life you may have come across a little post about how if we would just pay teachers as if they were babysitters, they would be some of the highest earning professionals in the country.
I’ve heard many teachers use this analysis as evidence that they aren’t paid well enough. For those who haven’t read it,
I had a reader ask my opinion on the Pope and his latest remarks regarding the economy. I don’t want to put words into anyone’s mouth, so I’ll present the question as it was written:
Hi Kevin! I would love to get your take on the anti-capitalist remarks made by Pope Francis! Do you think you could do a post
Now that Obamacare is going into full effect in 2014, people need to make a decision: should I try to get health insurance (if the Obamacare website ever starts working) or should I just pay the fine for not having insurance?
If you are young and healthy, it might make sense to just pay the fine.
Let me clarify. I’m getting
Here’s my hot sports (politics) opinion: Barack Obama is being absolutely ridiculous by refusing to negotiate with Republicans on the government shutdown (and soon the debt ceiling as well).
As most of you know, I’m a libertarian and I strongly dislike the policies of almost every president and congressmen that has been elected in my lifetime. I don’t pick sides