Was life better back then than it is today? We all see a lot of memes out there that suggest that reality. Just today, this made it across my Facebook feed: It got me thinking and, when I think, I research, and when I research, I write. And three hours later, here we are. And […]
Many people don’t really understand inflation, so I thought a simple explanation of inflation might help. One of the more interesting ways is to look at the history of inflation as it relates to the minimum wage, because while only 2% of Americans make minimum wage, almost all of us have been minimum wage employees […]
An Economic Timeline Regarding US Military Spending (in billions) 1942 $260 (estimated) 1944 $850 (estimated) WWII ENDS 1946 $556.9 1947 $52.4 COLD WAR BEGINS 1948 $103.9 1949 $144.2 1950 $141.2 KOREAN WAR BEGINS 1951 $224.3 1952 $402.1 1953 $442.3 KOREAN WAR ENDS 1954 $420.9 VIETNAM BEGINS 1955 $376.9 1956 $356.2 1957 $360.9 1958 $352.9 1959 $352.5 […]