Booms & Busts
One of history's best examples of the boom and bust cycles per your book.
What was the Great Stock Market Crash of 1929?
This defines money as currency, checking accounts, travelers checks, savings accounts, money market mutual funds, and certain transactions between banks.
What is M2?
13 place values represents this.
What is a trillion?
The shortfall between the government's income (taxes) and its spending. The shortfall is covered either through borrowing or creating money.
What is a deficit?
Two types of law.
What are Natural Law and Civil Law/Roman Law?
A get-rich-quick scheme that occurred 350 years ago in Holland.
What was Tulipmania?
Each time the government slows the creation of real M2, this hits.
What is a recession?
Tanstaafl
What is there ain't no such thing as a free lunch?
What is the federal debt?
This law grows out of two fundamental laws: 1. do all you have agreed to do; 2. do not encroach on other persons or their property.
What is Natural Law?
What is gambling?
What is the monetary base (MB)?
It took 194 years to get to this incredible amount of federal debt.
What is a trillion dollars?
Fake. Phony.
What is counterfeit?
This law states that there is no higher law than that of the government. An individual's rights are granted by the government.
What is civil law/Roman law?
With economic turmoil growing, this is probably the best way for a young person to get ahead.
What is starting a business?
This is the speed at which money changes hands.
What is velocity?
A second trillion was added to the federal debt this many years after the first.
What is 5 years?
A factory that makes coins or other money. To make coins out of metal.
What is the mint?
After 1776, America led the movement to this law.
What is natural law?
One of the strangest and most dangerous things about inflation is that it is usually accompanied by this.
What is a get-rich-quick scheme?
According to your text, a shift in velocity can occur this fast.
What is as fast as emotions can change?
The federal debt at the end of this course.
An economic and political system under which virtually everything and everyone is owned and controlled by government agencies. Marxism.
What is socialism?
Before you visit any country, check this index to see how much risk you are taking.