Uncle Eric
Small cuts in the sides of a coin
What is reeding?
When the supply of something goes up, the price per unit goes down.
What is supply and demand?
Increase in the amount of money
Represents a partial ownership in a public company.
What is a stock?
TANSTAAFL
What is There Ain't No Such Thing As A Free Lunch?
The correct name of the coins we use today
What is a token?
Another name for a business cycle
What is the Boom/Bust Cycle?
Price increases rising at 10-99 percent per year due to inflation
What is double-digit inflation?
The largest American market which facilitates the buying and selling of stocks/equities.
What is the New York Stock Exchange?
Dictators inflate because they fear...
Name for making phony money
What is counterfeiting?
A factory which makes coins or other money
What is a mint?
Another name for Legal Tender Money
What is Fiat money?
A stock market index which follows the performance of 30 companies.
What is the Dow Jones Industrial Average?
This is what it is called when prices are rising rapidly, every few hours
What is Runaway Inflation or hyperinflation?
Shaving off the edges of a coin
What is clipping?
Melting and re-minting money with a little more base-metal each time
What is debasing?
This is the only way to have no recessions or depressions.
What is to never inflate the money supply?
A stock market index which follows the performance of 500 large cap companies.
What is the S&P 500
Government program for giving tax money away, not to the poor
What is a subsidy?
Name of a coin that is "sandwiched together"
What is a clad coin?
The Law that states that bad money drives good money out of circulation
What is Greshem's Law?
Give an example from history of Boom/Bust cycle
What is Roaring 20's/Great Depression?
When a company pays out a portion of its earnings to its shareholders.
What is a dividend?
Slip of paper, issued by US govt, that is used as money