I have been teaching economics since 1967 — 40 years of it at George Mason University in Fairfax, Virginia. During that interval, economic reality has not changed. Just as Galileo’s law about the ...

“The sole use of money is to circulate consumable goods.” Those are the words of Adam Smith. It was a throwaway line in Wealth of Nations so over-the-top obvious was it. Money only has a purpose ...

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Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Katrina Ávila Munichiello is an experienced ...

“A DEMOCRATIC society in its thirst for liberty may fall under the influence of bad leaders”, worried Plato who also feared that “popular acclaim will attend on the man who tells the people what they ...