The Federal Reserve and Interest Rates
Have You Ever?
You’ve heard it before on the news: “The Federal Reserve lowers interest rates to 0.50 percent” or “The Federal Reserve raises interest rates to 3.0 percent”. All t...
Economics
The Role of the Federal Reserve: What is the Fed?
Have You Ever?
Have you ever thought to yourself, “Where does money come from?”, “Who produces it?”, and most importantly, “Who the heck controls it?” These are questions that mos...
Supply and Demand: I Want It, I Got It
Have You Ever?
Have you ever wondered about how companies decide on prices for their products? Well, if you’ve ever gone into a dollar store or a discount party shop, you have pro...
Tragedy of the Commons: All I Want is Everything
Background
Picture this: It’s the 1950s. There are very few regulations in place regarding the hunting of wild animals - it’s a free-for-all. You are a hunter in Kenya, seeking to...
Offsetting Behavior: A Risky Business
Have You Ever?
You’re the goalie on your local soccer team. Whenever you’re on the field, your coach insists that you wear knee pads. “They’ll help prevent your knees from getting...