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When central banks raise interest rates, the impact is felt far and wide. Mortgages become more expensive, house prices might fall and unemployment...
The scandal-ridden benchmark is a relic of a previous era. By 2012 LIBOR set the rates for contracts governing some $550 trillion, more than seven ...
This article explains how inflation is defined, what causes price inflation, how CPI is calculated, and how to protect yourself from inflation.
Published on Aug 31, 2013 A video looking at way you can't simply print money to pay off debt. And what has happened when countries have tried to!...
2017: "IIn a remarkably frank talk at a Bank of England conference, the Managing Director of the International Monetary Fund has speculated that Bi...
TED-Ed Published on Jun 23, 2014 The value of money is determined by how much (or how little) of it is in circulation. But who makes that dec...
How would you like to pay $417.00 per sheet of toilet paper? Sound crazy? It’s not as crazy as you may think. Here’s a story of how this happened i...
This article explains how the majority of money in the modern economy is created by commercial banks... “In the modern economy, most money takes...
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