The Fed issues as much dollars as needed by writing the new trillions on its balance sheet. As long as this system continues working, hyperinflation is very unlikely to happen.
Next time you read a story about a rise in pay, try to see if it reports the wage data in nominal or real terms, and if it includes fringe benefits too.
The main components of the cost you pay to borrow money are a benchmark rate, credit risk and how much profit a lender wants to make.
The UK continues being home to the large majority of the EU millionaire bankers. About 3,567 of them live in the UK, whereas only 390 live in Germany, 233 in France and 201 in Italy.
Americans will spend US$8.8 billion on Halloween candy, costumes and decorations this year, including half a billion dollars on costumes for their pets.
The intended closure of Ford’s Bridgend engine plant in 2020, with the loss of 1,700 industry jobs, has sent shock waves through Wales.
New research estimates that $420 billion in corporate profits is shifted out of 79 countries every year. This equates to $125 billion in lost tax revenue.
The world should be inspired by Swedish culture, with more fika, more time for leisurely reading about non-work topics, and more lagom towards jobs.
Over one million UK SMEs, around a quarter of the total, were concerned about how Brexit would affect the success of their business.
Millennials have racked up over US$1 trillion of debt. Yet, in comparison to previous generations this group is significantly more fiscally conservative.