Economic literacy is sorely lacking in our country. When you read these lines, especially on a political news and opinion site, you might be thinking I’m going to be ranting and raving about how much…
Heresy Financial: Government Shutdown Likelihood Just Skyrocketed
In this video, we look at the recent news coming from Capitol Hill. There is a political clash taking place and it looks like Republicans will refuse to vote on the debt ceiling issue before…
Heresy Financial: The Truth About Money Velocity And…
In this video, we look at money velocity from every angle. First, we look at the math and the assumptions built into how velocity affects prices. Then we take a look at the long-term correlation…
Heresy Financial: Price Controls are Coming (and SHORTAGES…
In this episode, we talk about the mechanics behind when and why price controls are usually put in place by central governments. Then, we look at the results of price controls and why those results…
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As Prices Surge OPEC+ Agrees to Boost Oil…
OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which have climbed to 2-1/2 year highs as the global economy recovers from the coronavirus pandemic. The group, which includes OPEC countries and allies…
Heresy Financial: Social Security Exposes ‘Catch 22’ in…
In this episode, we talk about the massive obligations that the federal government has that are usually swept under the rug when discussing how deficits should be spent. Even though the plan is to erode…
Gage Skidmore from Surprise, AZ, United States of America via Wikimedia Commons
Biden Admin Sees No End for Rising Inflation
The thinking of White House officials is that a recent inflation surge could last for some time, but that the spike is ultimately transitory and will clear up once widespread bottlenecks that have severely disrupted…
Heresy Financial: Basel III FINALLY Here – What…
In this video, we talk about the implications of the next six months now that Basel III is partially in effect. We also talk about how it strengthens the banking system in Europe and sets…
Heresy Financial: New Monthly Stimulus Checks Start Next…
In this video, I break down the details for the new advanced child tax credit checks that will begin disbursement on July 15th. The amount a family will receive depends on both income and age…