What Does Any of this Mean?

An ETF (Exchange Traded Fund) is a collection of securities (stocks, bonds, whatever) that can be conveniently traded at a regulated, price-establishing exchange. Like a stock, the ETF will have a market established price. The advantage being that you do not have to invest…


Is this really the best way to solve complex problems?

What is there not to like about Apple’s “Ted Lasso?” The very fictional story of an American college football coach who finds himself coaching a struggling British soccer club. …


Which is what corporations normally do

While many consider the true purpose of corporations is to mistreat customers, pollute the environment and trample on the workers as they pursue unholy profits and eventually achieve world domination (thank you Hollywood), the actual reason they have existed for centuries is that they have proven to be an effective…


If you answered, “that’s easy, the Federal Reserve,” guess again!

The following statement is not true:

“In the U.S., interest rates are determined by the Federal Open Market Committee (FOMC), which consists of seven governors of the Federal Reserve Board and five Federal Reserve Bank presidents.”

Investopedia, “Understand the Role…


And why do they have value?

NFT stands for “Non-Fungible Token,” which is, of course, gibberish.

Fungible sounds a lot like fungus but has nothing to do with mushrooms.
Being “fungible” is characteristic of good money, that all $20 bills have the same value, that they store the same amount of…


The data suggests yes.

The government does not directly create wealth. No, wealth creation would be the output of productive private labor applied to economic resources.

What the government can do, via the Treasury and its partner, the Federal Reserve, is redistribute wealth via the expansion of the money supply…


The times they are a changing…

As of Feb 1, 2021, the price of MSFT stock was $232 per share, with a market cap of $1.79 trillion. Which tells us that there are about 7.72 billion shares of MSFT stock in circulation. The average trading volume was 7.87 …


Exactly how did GameStop stock increase from $147 to $310 in one day?

Like any other financial asset, the price of any publicly traded stock is solely set by the supply and demand for that stock, at a public stock exchange, at that moment in time. Period. …


The thirty year party is about to end.

U.S. Treasury debt is a financial asset, unique in that it is backed by the full faith and credit of the U.S. Government, historically making it a low-risk investment compared to most other financial assets.

The 10-year Treasury Note yield is the…


The cold, hard truth is that this is the worst economic decision that a society can make.

Wealth will be gathered from all by devaluing the dollar, enabling a few in Washington to redistribute as they see fit. …

Eric S Johnson

Eric Johnson is a husband, father, engineer, pilot, surfer, investor and amateur astronomer who has read a lot of books on economics.

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