Featured Article: Can the government control a stock market crash?
In a free market economy, the law of supply and demand dominates. But if the economy is in a downward spiral, could the government really save it? See more »
economic concepts library
Economic concepts are widely used but not always defined clearly. Read up on the nature of capitalism, learn how much power the Fed really has and more.
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Why does the Fed change the interest rate?
Imagine a tightrope walker with ESP and a degree in economics -- that's essentially the Federal Reserve Chairman. By changing the interest rate, the Fed can offset inflation and unemployment. But how?
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Daily U.S. Consumption for 12 Items
America buys goods at a high rate, so it's no wonder the U.S. is considered 'the land of plenty.' Read about the daily U.S. consumption for 12 items, including denim jeans and movie tickets.
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Grocery Store Prices for 14 Items in 1957
Times have changed and so has the price of groceries. Gas was roughly 27 cents a gallon in 1957, so how much less did items cost at the grocery store? Check out this list of grocery store prices for 14 items in 1957, including ground beef, butter, and mil
See more »What exactly is inflation?
Inflations seems to be in the news on a regular basis. Have you ever wondered what inflation is and how inflation affects the value of our money? Find out in this article.
See more »How does the Social Security system work?
How does the Social Security system (in the U.S.) work? When I pay money into the system, where does my money go and where is my account kept (does some bank have the money in my account)?
See more »What is the Strategic Petroleum Reserve?
I've heard a lot in the news lately about the Strategic Petroleum Reserve. What is the reserve, and how does the United States use the reserve? How much oil is held there, and how can a lot of oil be stored?
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