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Economics Explained

You Can Be Part of the 1 Percent

Which route would you choose? To an economist, the answer is obvious. Read story.

Tuesday, March 27, 2012

Money Desensitization

The moment you enter the marketplace, you are being manipulated far more than you realize. Read story.

Sunday, March 11, 2012

How the U.S. Federal Reserve Creates and Destroys Money

One of the Fed's daily jobs is to maintain the money supply at the level it deems best. Read story.

Saturday, February 25, 2012

How to Think About Money

If you are going to be happy and content, you are going to have to come to terms with money. Indeed, the ebb and flow of money, in and out of your hands over the years, is one of the most important factors affecting your happiness. Read story.

Saturday, January 28, 2012

What Is Money?

It sounds like a simple question, but like a lot of simple questions, this one gets more and more slippery as you try to pin down the answer. Read story.

Saturday, December 31, 2011

Time and Money

In the aftermath of the 2007-2009 economic contraction, it became apparent that virtually all the European countries with serious economic problems were clustered along the north shore of the Mediterranean Sea. Read story.

Tuesday, December 13, 2011

The Stock Market and Faith

To many people, the stock market is a mysterious and unpredictable paramour who will reward us if we invest well and punish us for making poor choices (or for having bad luck). Read story.

Monday, November 28, 2011

Why Occupy Los Angeles Should Occupy Your Heart

As much as we like to think that our opinions are our own, most of what we believe is absorbed from the society in which we live. Read story.

Saturday, November 12, 2011

I Have Seen the Future and It Is Leigh

In the 1950s, being cool was for the chosen few: those who could swim with the popular culture but somehow remain detached, watching from the sidelines with ironic disdain. Read story.

Saturday, October 29, 2011

Occupy the Future

Liberty Camp, protesting the negative effects of corporate power, was established in Manhattan's financial district on the 224th anniversary of the signing of the U.S. Constitution. Read story.

Saturday, October 22, 2011

The End of the Gold Standard

In 1933, much of the world, including the U.S. and many European countries, was on the "gold standard," which meant that paper money could be exchanged for gold. Read story.

Sunday, October 9, 2011

How Much Money Is There in the United States?

Nearly 90 percent of it is not in the form of cash. (Remember this the next time you hear someone talk about how the government "prints more money" whenever they want.) Read story.

Sunday, September 25, 2011

When Will the Economy Recover?

Our economics columnist translates the OECD's latest report from econo-speak to English. Read story.

Sunday, September 11, 2011

What Is a Recession?

Over the long term, economic changes come in cycles, in which a period of "expansion" is followed by a period of "contraction." Read story.

Monday, August 29, 2011

What's This AA+ on Your Report Card?

The sovereign debt's enormous economic power derives from its capacity to cause massive emotional reactions. Read story.

Saturday, August 13, 2011

Billy Collins & Aimee Mann

Presented by UCSB Arts & Lectures, Former U.S. Poet Laureate ... Read More