Tagged: money

How Money Works – Part 1

A Brief History of Money Paper Money, otherwise known as bank notes, was originally used as an IOU. The idea behind it was that you could buy and sell with banknotes, instead of...

How Money Works – Part 2

This article is part of a serious on How Money Works. Click here to start at part one. The Creation of Money Since the government can control the interest rate, they can effectively...

How Money Works – Part 3

This article is part of a serious on How Money Works. Click here to start at part one. Inflation When more money is added into circulation, it increases inflation. When money is taken...

How Money Works – Part 4

This article is part of a serious on How Money Works. Click here to start at part one. Conclusion By eliminating the gold standard, manipulating the interest rates, and giving banks the power...

Spend, Tax and Spend Some More

Benjamin Franklin said that “In this world nothing can be said to be certain, except death and taxes.”¬†That is undoubtedly¬†true here in Manitoba. It seem’s that the provincial NDP’s mantra is spend, tax...