Economics

Curious about capitalism, the monetary system or white collar crime? Check out these articles. The Economics Channel defines and explores economic terms and controversies.

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On average, black women in the U.S. workforce earned $0.37 less for every dollar a man in the U.S. workforce earned in 2014. That's a pretty big wage gap.

By Kate Kershner

John Oliver paid off medical debt for 9,000 Americans. But could you buy your own debt on the cheap?

By Dave Roos

If you were to check your person right now, Chances are, you might have some silly colored paper with dead world leaders on it, and maybe some circular pieces of semi-precious metal. Unfortunately those probably won’t get you very far after society collapses and the world reverts back to a barter economy where gold and silver […] The post 12 Things That Will Skyrocket In Value Once The Apocalypse Hits appeared first on Goliath.

By Wes Walcott

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An 1864 law bars living people from appearing on U.S. currency. What do you have to do to get your grill on a bill?

By Laurie L. Dove

We’ve all seen counterfeit products sold at street vendors and open air markets. Whether it is fake designer purses, sunglasses or pirated movies, counterfeit products abound. However, the global trade in counterfeit products seems to be escalating in today’s globalized world. The Organization for Economic Co-operation and Development (OECD) recently issued a study that estimates […] The post The 10 Most Counterfeited Products in The World appeared first on Goliath.

By Devon Taylor (@DevonTaylor113)

Why aren't there numbers on American coins? The words "dime," "penny" and "nickel" sure don't convey anything obvious. Is the U.S. just being inhospitable to guests?

By Chris Opfer

Setting up a funding site for a nonexistent sick boy is child's play for these criminals. The real money is in laundering stolen credit cards.

By Dave Roos

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It's time to replace your jalopy. You know it isn't worth much, but should you sell it anyway and maybe make a few bucks, or should you donate it to charity to get a tax break?

By Cherise Threewitt

It's impossible to keep a straight face when you see a grown man in a fez driving an itty-bitty car. But the Shriners actually do some pretty serious work.

By Debra Ronca

Online shopping offers plenty of amazing-looking deals. But you know how it goes: If something seems too good to be true ...

By Alison Cooper

Life's hard enough for a small business, and dishonest people looking to scam hard workers out of their profits only make things worse. Learn what the red flags are.

By Alison Cooper

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No one knows the exact amount of money lost or thrown out, but it's a lot more than you might imagine. One man made more than $20,000 picking up loose change every day for 10 years.

By Patrick J. Kiger

Giving Tuesday is a day for giving back. Learn more about Giving Tuesday in this video from HowStuffWorks.

Whether by tampering with the bottle or the liquid inside, wine fraudsters have fooled billionaires and wine connoisseurs alike into thinking an unremarkable bottle of merlot is really an exceptional vintage. Here's how they do it – and why.

By Dave Roos

In some places, people forgo buying stuff (like cars and tools) to rent what they need from complete strangers. That's the premise of the sharing economy, which already has some big players. How does it work, and is it here to stay?

By Dave Roos

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If smartphones were called computerized wallets, maybe people would be more careful with these devices that give thieves access to your bank accounts, credit cards and whereabouts with just one swoop. How do you protect yourself from identity theft?

By Dave Roos

Burger consumption can predict more than your chances of gaining weight. It can also determine currency equality. Meanwhile, men's underwear is a good indicator of the state of the economy. But how?

By Dave Roos

We're not sure why but Americans seem to lose their minds when picking up flashy electronics at big discounts the day after Thanksgiving. Discover 10 horrifying true-life tales that happened during Black Friday shopping.

By Laurie L. Dove

Is that stock that's been lingering price-wise in the basement a good deal or just likely to down even lower? Can you tell whether a stock's price is going to go up or down without being psychic?

By Dave Roos

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Unlike dollars, pounds or yen, Bitcoin isn't backed by any government. It's a completely decentralized form of money. Is the world ready for virtual currency?

By Dave Roos & Nathan Chandler

Inflation is often defined as too many dollars chasing too few goods. But what does that really mean? And how does it affect the price of goods?

By Dave Roos

Just like the rest of us, superpowers can have trouble paying the bills. But instead of using a Visa card with a really high limit, the U.S. borrows money from its citizens. What it owes is called the national debt. Why does it matter?

By Dave Roos

News about a hurricane or tornado far away impels us to want to help the survivors. But is there a right way and a wrong way to do this? Can a donation be worse than doing nothing at all?

By Dave Roos

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The idea of minting a trillion-dollar coin to pay the U.S. national debt seemed intriguing, if far-fetched. Though it was nixed by the Fed and the Treasury, could it have worked – and why?

By Laurie L. Dove

One of the subjects that comes into play when people discuss the legalization of marijuana is the cost. How will the law impact the economics of marijuana?

By Maria Trimarchi