The baby boom generation consists of people born from 1946 to 1964. As it is true, for all generations, when…
Category: Economic History
The Early Impact of the Industrial Revolution in America
Farming transitioned from hand tools to machines. This included the cotton gin; among other innovations. Farmers began cultivating larger areas with…
History of Opportunity Cost: Be careful what you choose
In the late 19th century the Austrian economist Friedrich von Wieser is credited with conceiving and formalizing the concept of…
When was the World Wide Web Born?
First off, there is a distinction to be made between the internet and the World Wide Web. The internet has been…
Alice M. Rivlin, Founding Director of the Congressional Budget Office, Dies at the Age of 88
Rivlin once described herself as, ” a professional critic of wishful thinking”. This critic of wishful thinking characteristic was an…
The Great Recession
The Great Recession began in December 2007 and lasted eighteen months. This was the longest economic decline since The Great…
One of the Largest Financial Frauds in United States History
Bernie Madoff was at once family man, trusted friend, business success story, and one of the most notorious Ponzi Scheme…
Keynes Essay of Possibility
In John Maynard Keynes’ 1930 essay, Economic Possibilities for our Grandchildren , he comments on the then current “prevailing world depression” and…
The History of Money
The objects of value that have served as forms of currency, have gone through considerable change over the past 10,000…
History of VA Home Loan Program
On October 26, 2012 the 20 Millionth VA Home Loan was purchased by the spouse of an Iraq War Veteran…
