Archives for June 2015

After deciding not to raise interest rates this month, the Federal Reserve is hinting at a possible increase to interest rates in September. Fed Chair Janet Yellen, and many of her colleagues, have alluded to improving labor numbers and rising inflation as reasons for the rate hike. Not everyone is ecstatic about a boost in […]

EconPop is out with a new video entitled ‘The Economics of Cast Away.” This video looks at how society is more productive when professionals specialize in certain goods, services and skills instead of generalizing. The economy is more efficient and we, as consumers, benefit from better food, better clothing, better furniture and so on. No […]

Unemployment remains a contentious issue, not just in the United States but all over the world. In fact, according to one polling chief, the next major international war will be one over good employment opportunities. Why is there going to be a global conflict over lucrative jobs? Well, because the real unemployment rate in the […]

Sometimes, you have to look at the personal financial situations and spending habits of public officials to get a glimpse of how likely they’ll blow your tax money. A lot of these politicians feel entitled to luxury boats, fur coats and expensive restaurants, and they’ll later justify the abuse of your tax money. Florida Republican […]

The state of California is experiencing a drought and all of the state’s residents have been urged to curb and limit their water usage. Governor Jerry Brown told reporters that he has consumed less water and has cut back on hygiene. In fact, he told reporters in San Jose that he had not taken a […]