Money Archives

Why Is the Federal Reserve Bad for the Economy? 4 Key Reasons

Why is the Federal Reserve bad for the economy? In what ways is it harmful and even unethical? Even if you don’t believe there’s a sinister conspiracy behind the Fed, you might be interested to know that there are plenty of other reasons why it should be abolished. That’s the assertion of Edward Griffin, who calls out four major problems with the system. Continue reading to learn about these four ways the Fed does more harm than good.

Will the Housing Market Leave Our Economy in Crisis?

How are the housing market and economy connected? What happens if the housing market crashes? Will there be another recession? As home prices drop and rumors of recession haunt headlines, concerns are mounting that we might be headed for a repeat of the Great Recession of 2007-2009. According to Naked Economics, modern markets are all interconnected, so the failure of one part of the economy can cause a domino effect. Read on to learn what the future holds for the U.S. housing market and the larger economy.

Inflation Is Taxation Without Legislation: Was Friedman Right?

Is the Federal Reserve responsible for inflation? Is inflation essentially a tax? Milton Friedman once said that inflation is taxation without legislation. Edward Griffin agrees. He asserts that the Federal Reserve is responsible for inflation, and he’s concerned that inflation constitutes an unfair, hidden tax whereby the American people pay for the government’s expenditures without realizing it. Read more to understand Griffin’s argument.

Fractional Reserve Lending: How the Fed Facilitates Fraud

What’s fractional reserve lending? Is it ethical? Edward Griffin asserts that the Federal Reserve facilitates and legalizes fraud by allowing banks to engage in fractional reserve lending. He explains what the practice is and argues that it’s not ethical. Read more to understand this prolific banking practice.

How Damage From Hurricane Ian Will Affect FL Insurance

What adverse effects will the damage from Hurricane Ian have on homeowners in Florida? Why is it so hard to get insurance in Florida? In addition to ransacking Florida, Hurricane Ian left Floridians with a new set of problems: property damage expenses and rising insurance premiums. Additionally, the housing market is expected to take a huge hit, possibly reducing house prices by up to 50%. Continue reading to learn about the financial damages from Hurricane Ian.

The Asset-Based Community Development Approach

What is an asset-based community development approach? Why should you focus on assets when reducing poverty? In When Helping Hurts, Steve Corbett and Brian Fikkert say that sometimes outside resources are not the solution to reducing poverty in communities. Instead, you should first look at what the community already has and work from there. Below we’ll look at how assets can change how you approach poverty alleviation.

The National Debt Relief Lawsuit: Is the Plan Illegal?

Why is there a national debt relief lawsuit? Why do some opponents call Biden’s plan illegal or unfair? Millions are cheering President Biden’s plan to forgive hundreds of billions of dollars in student debt, with about 40 million people eligible to benefit from the plan. However, others are calling the plan unfair, inadequate, and even illegal. Read on to learn about the national debt relief lawsuit and why Biden’s plan has fallen under criticism.

3 Microfinance Models to Help Poor Communities

What is microfinance? What are a few microfinance models? Microfinance is a particularly effective tool for catalyzing long-term development and helping poor people in developing countries improve their lives and businesses. There are three microfinance models that churches can get involved in to help those in poverty. Let’s look at what microfinance is and the three models that churches can use.

What Poverty in the United States Looks Like & How to Fix It

What is poverty in the United States like? How can we solve the poverty issue in the U.S.? Steve Corbett and Brian Fikkert, the authors of When Helping Hurts, point out that churches are often best equipped to help the poor in their own communities. While missions to alleviate poverty in developing nations may get more press, there are still poor communities in America. Let’s look at a clear picture of what poverty looks like in the contemporary United States.

Best Personal Finance Resources: Books, Blogs & Podcasts

Are you looking for a friendly, easy way to learn more about personal finance? Where can you find personal finance resources you can trust? Personal finance is…well…personal. Some want to get out of debt, some want to save for a big-ticket purchase, and others want to build serious wealth. No matter what your personal finance goal is, there are hundreds of resources to help you find the path that will get you there. In this article, we’ve rounded up a list of the best resources, including blogs, books, and podcasts to help you navigate your unique personal finance journey.