How the Economy Responds to Import Tax in Brazil Game Theory | Financial Freedom With not a very diverse economy Brazil has a problem with collecting money from its citizens. They do not produce enough value per capita to support the country. The way the government combats this is through import taxes and tariffs. A […]
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Making Money is About Providing Value Financial Freedom There is only one way to make money in this world. It is by providing value. In fact, that is exactly why we moved to a currency system from trade and barter. It is a way to easily find and compare the value of something. The more
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We are Officially in a Recession… Sort of Financial Freedom | Public Choice On July 28th at 8:30 am the Bureau of Economic Analysis (BEA) announced our official Q2 GDP Advanced Estimate at -0.9%. This is the second quarter in a row that we have a negative GDP (Q1 GDP was -1.6%). This means we
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Is the Correct Minimum Wage to Follow Productivity? Financial Freedom | Econometrics The Claim Finding the “correct” minimum wage seems more of a subjective goal rather than an objective one. But the fight to increase the federal minimum wage has been present for as long as I can remember. The claim is that the minimum
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Why Canceling Student Loans Has Devastating Effects Public Choice | Financial Freedom About 46 million Americans have some student loan debt, totaling roughly $1.75 Trillion. These numbers keep increasing every year. This led to some politicians supporting the idea of canceling government student loan debt. This wouldn’t include any private student loans someone may have
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Join the Popular Movement to Retire Early Financial Freedom FIRE is a lifestyle movement in which the goal is to strive for Financial Independence and Retiring Early (FIRE). For many, like myself, the FIRE isn’t about retiring early per se but focused on the financial independence part so you have the ability to retire when
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Why Bitcoin Will Never Be a Currency Financial Freedom Bitcoin has the expectation of being the next new currency. A currency that will change the way we purchase goods and services forever. This is due to the Blockchain. There is one big problem with Bitcoin though which will prevent it from ever being a currency.
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Your Money is Losing Value – Here’s How to Stop it Financial Freedom Ever since I got my first job in high school working at a golf course, I would try to save every penny I made. I would of course have to spend money on gas to get there and the occasional ice cream
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How Valuable is Your Time? Econometrics | Financial Freedom A social construct is something that doesn’t actually exist in reality but instead, it exists because of human interaction, that we agree upon as a whole. One of the greatest and most useful social constructs is time. It allows society to be able to track the
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