The primary driver of American inequality is inflation itself. When money is created - through central banking systems, expanded by fractional-reserve lending, and guided by government policy - it enters the economy unevenly. Those who receive and deploy new money first—typically financial institutions, governments, and asset owners—benefit before prices rise. Meanwhile, regular workers, pensioners and savers see their money buy less over time. In the end, inflation quietly shifts wealth upward, not because some people work harder, but because they get first access to new money.
I'm a high school economics teacher in NYS. Students in NY are mandated to take course in Economics and Government (civics) their senior year. What would be your top FIVE economic issues that you believe all graduating seniors should know before joining the adult community... and please don't say balance a checkbook which seems to be an obsession of some people out there. Thanks!
This is a great question and I probably will have to think about this more deeply. it warrents its own post. However, here are my initiat thoughts. First, yes balancing a checkbook is a cringe and outdated take. For an economics and government course, I would discuss the 1-federal budget and fiscal policy tools. 2-Market structure and the balance of government intervention, 3-Your role as consumer, demand and spending 4- Your role as wage worker (taxes and income) 5- the role of firms (supply) and profit maximization. What do you think?
Our curriculum is relatively wide open. The state provides some basic guidelines, but for the most part, we teachers are able to focus our teaching on areas we believe to be important. Here are the units we cover:
3. Political Economic Systems- critical analysis of capitalism, socialism and communist theory
4. American Free Enterprise- Entrepreneurship and Investments
5. How Markets Work- Market structures and business organizations
Final Project: Design a Small Business Concept (writing a simplified business plan and designing a marketing model)
I'm interested to receive any advice on additional concepts or ideas. Having taught Econ for nearly 30 years, I can atest to the fact that much of the lesson and activity ideas are either outdated or just plain BORING!
The primary driver of American inequality is inflation itself. When money is created - through central banking systems, expanded by fractional-reserve lending, and guided by government policy - it enters the economy unevenly. Those who receive and deploy new money first—typically financial institutions, governments, and asset owners—benefit before prices rise. Meanwhile, regular workers, pensioners and savers see their money buy less over time. In the end, inflation quietly shifts wealth upward, not because some people work harder, but because they get first access to new money.
Keep up the great work. I learned some useful tips for my newsletter.
Thanks.
I'm a high school economics teacher in NYS. Students in NY are mandated to take course in Economics and Government (civics) their senior year. What would be your top FIVE economic issues that you believe all graduating seniors should know before joining the adult community... and please don't say balance a checkbook which seems to be an obsession of some people out there. Thanks!
This is a great question and I probably will have to think about this more deeply. it warrents its own post. However, here are my initiat thoughts. First, yes balancing a checkbook is a cringe and outdated take. For an economics and government course, I would discuss the 1-federal budget and fiscal policy tools. 2-Market structure and the balance of government intervention, 3-Your role as consumer, demand and spending 4- Your role as wage worker (taxes and income) 5- the role of firms (supply) and profit maximization. What do you think?
Our curriculum is relatively wide open. The state provides some basic guidelines, but for the most part, we teachers are able to focus our teaching on areas we believe to be important. Here are the units we cover:
1. Introduction- scarcity, decision-making, behavioral economics
2. Understanding Demand, Supply & Equilibrium
3. Political Economic Systems- critical analysis of capitalism, socialism and communist theory
4. American Free Enterprise- Entrepreneurship and Investments
5. How Markets Work- Market structures and business organizations
Final Project: Design a Small Business Concept (writing a simplified business plan and designing a marketing model)
I'm interested to receive any advice on additional concepts or ideas. Having taught Econ for nearly 30 years, I can atest to the fact that much of the lesson and activity ideas are either outdated or just plain BORING!
How does a country build wealth and retain it without robust Primary and Secondary industries?
Great question. Important for countries like Oman. I’ll work on a post about this topics
Thanks so much and always excited to see the great work and growth you’ve been having
Thanks, Jermey. I do appreciate the content you put out. I always learn something new.
That’s the goal
I love the new additions! It fits perfectly with your goal of community building.
Thanks Jadrian. We write for the people!