Archive for the ‘Economics’ Category

Money Supply and Consumer Price Index

MoneySupply_CPI   <– PDF

Dear readers:

The enclosed PDF shows the total money supply, per-capita money supply, and consumer price index (CPI) for the United States from 1791 to 2020.  These charts were extracted from my new book “The Control and Manipulation of Money”, available for free download at https://fremontvalleybooks.com.

Thanks,

Ed Duvall

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Real World Graduation, Question 94: Benefits of Welfare

RealWorldGraduation_Question_94_Benefits_of_Welfare   <– PDF

In the 1960’s the federal government instituted a program of assisting young women who had illegitimate children. This aid came in the form of cash payments, housing at low rents, and assistance for food and medicine via government-issued stamps that could be used as cash for most grocery and medical items.  In what ways were these programs beneficial to the recipient?

a) It allowed the young women to provide for their children in a safe and secure environment, without the violations of privacy and crowding that would prevail if she had continued to live with her parents.

b) It allowed them sufficient spare time to pursue education or other career training.

c) It allowed them to live independently, and although they were initially poor, they would eventually be able to rise to the middle class.

d) It provided them with an additional income if she chose to get married, even if her husband was working.

e) All of the above.

(The answer is on p. 2 of the PDF.)

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Real World Graduation, Question 88: Social Security

RealWorldGraduation_Question_88_Social_Security  <– PDF

Both the question and answer are contained in the PDF file, since the question requires a graphic that does not translate well into this format.

Thanks for reading,

EDD

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Real World Graduation, Question 82: Pennies

RealWorldGraduation_Question_82_Pennies   <– PDF

There has been some discussion in recent years about the utility of small-denomination U. S. coins such as the penny and the nickel.  Some people have concluded that we would be better off to abolish these coins.  What is the most plausible reason for abolishing the penny?

a) The buying power of the penny is so low as to not be worth continuing; for example, there is no such thing as “penny candy” any more.

b) The penny is too heavy to justify carrying around, when considered with regard to its buying power.

c) The effect of monetary inflation has made penny nearly worthless. People don’t even collect change if it is only a few cents; people won’t stop to pick up a penny on the street.

d) It has always been an inconvenience, since it is nearly the same size as a dime.

e) Some combination of a), b), and c).

(The answer is on p. 2 of the PDF.)

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