Money and inflation: a functional relationship
They say that "money makes the world go round." Just imagine a world without money as our method of payment for everyday transactions. Without money, we would all need to barter for necessary goods and services. For example, suppose an accountant needs to have her car fixed. Under a barter system, she would have to find someone who needed some tax advice in exchange for car repairs. The search to find a barter partner is time consuming and wasteful. Money solves this problem and many others. Read more about the three main functions of money and the damaging effects of too much inflation ...
The legacy of the Olympics: economic burden or boon?
Competition, sportsmanship, and national pride are the foundations of the Olympics, but how much do the Olympics cost the host city and country? What are some of the economic benefits and costs? Is the investment in the Olympics worth it in the end? Read about previous host experiences with the economic side of the Olympics in this month's Page One Economics Newsletter ?The Legacy of the Olympics: Economic Burden or Boon?? (see related graph: "Olympics-Related Temporary Increase in Employment"
Advertising: Dollars and Decisions
Consumers see or hear thousands of advertisements each day. The April 2017 issue of Page One Economics: Focus on Finance reviews advertising history and strategies ads use to create demand and influence consumer tastes and preferences.
What’s in Your Market Basket? Why Your Inflation Rate Might Differ from the Average
Does it feel like your dollars go as far as they used to? If not, how does that mesh when reports say inflation rates are lower than average? The October issue of Page One Economics explains the disconnect between what you might experience as a consumer and what the data show.
Get an Education, Even if It Means Borrowing
If your savings, grants, and scholarships aren?t quite enough to cover the cost of education after high school, don?t overlook student loans. These loans may help you gain the education you need to make the big bucks.
Why Is It So Difficult To Buy a High-Quality Used Car?
With prices of new vehicles at all-time highs, many buyers are looking for used vehicles. It can be challenging, though, to figure out what is or isn?t a good deal. The September 2016 issue of Page One Economics explains why asymmetric information makes it difficult for used-car buyers to avoid ?lemons? and why lemons are a larger problem for the used-car market.
myRA: A New Way To Save for Retirement
"It is never too early to start saving for your retirement." You've certainly heard this advice before. Is it good advice? Sure it is. Is it easy to follow? Maybe not. Many of us have more immediate expenses that get our attention and money before we think about retirement. Routine payments to buy a house, pay for college, or buy a car may make saving for retirement less of a priority or something you believe you can do later. Then there are those who barely make ends meet, who may also believe that saving for retirement is out of the realm of possibility.
The Economics of Immigration: A Story of Substitutes and Complements
America is a nation of immigrants. Currently, immigrants make up about 13 percent of the overall population, which means about 40 million people living in the United States are foreign born.
Cars and Cash: What To Know Before You Go
What do you need to know before buying a car? Aside from knowing what you want in a vehicle, you?ll need to know about budgeting and credit before you start shopping. Learn some car-buying basics in the February 2019 Page One Economics: Focus on Finance essay.
Income Tax: Facts and Filings
Federal individual income tax must be paid to the U.S. government, but the amounts paid vary widely. The December 2016 issue of Page One Economics: Focus on Finance addresses basic facts about the tax?its history, purpose, and current structure.