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The Economics Glossary defines money as follows: Money is a good that acts as a medium of exchange in transactions. Classically it is said that money acts as a unit of account, a store of value, and a medium of exchange. Most authors find that the first two are nonessential […]
Money
Narrator:It takes one person to spend money, but many people to create money. These are the people from the Bureau of Engraving and Printing, also known as the Money Factory. Meet Brian. He’s one of the Banknote Designers at the Bureau of Engraving and Printing. Brian Thompson, Banknote Designer:My job […]
axle grease Australian slang for money, which greases the wheels of life, so to speak, helping things to run along more smoothly. chicken feed Small change; a paltry or inconsequential amount of money. This American slang expression, which dates from 1836, is an allusion to the scraps and seeds fed […]
Centuries of discrimination have created a cavernous wealth gap between Black and white Americans. Today, Black Americans own an estimated one-tenth the wealth of white Americans — $17,150 for Black families compared to $171,000 for white families. This gap is not only bad for Black people, it’s bad for the […]
As millennials, we’ve learned about money the hard way. From the Great Recession to stratospheric student loan debt to a pandemic, there’s been no shortage of life giving us lemons. While the long-term economic effects of the pandemic are yet to be fully realized, you may have noticed one positive […]
Even if the news isn’t always good the fact that there’s news at all when it comes to a second economic stimulus package is positive for people who are in desperate need of cash before year’s end. That’s because any news at all means that Republicans and Democrats have been […]
The four spending bills that Congress passed earlier this year to address the coronavirus crisis amounted to one of the costliest relief efforts in U.S. history, and the undertaking soon won praise across the political spectrum for its size and speed. The $4 trillion total of government grants and loans […]
Money still talks to voters. A new Gallup analysis released Monday reveals that the economy emerges as the No. 1 issue for voters as Election Day approaches, now just four weeks off. “As the nation remains in a pandemic-induced recession, U.S. registered voters say the economy is the most important […]