CurtisArnold

Why Asia Owns America

The Forgotten Benefits of the Gold Standard One of the benefits of the gold standard, long forgotten, was that it acted to regulate imbalances in trade. Under the gold standard, trade imbalances between countries were unsustainable because they would self correct over time. Here is an example of how that worked: When a country would export more than it imported, it would accumulated more gold. That is because it could take the... (posted by CurtisArnold 6 years 327 days ago.)

The ABCs of Money

What's Your CPI? Economic textbooks would lead you to believe that economists can measure inflation by calculating the overall price change in a "market basket" of goods and services. However, if you were to look at these goods and services individually, you would find a great variance in price changes. For example, in the past decade, the price of automobiles, houses, movies, and health care has increased significantly. However, the... (posted by CurtisArnold 6 years 327 days ago.)