Velocity of Money Explained
Velocity of Money is a measure of money exchanged over time, typically how often and quickly the average dollar is exchanged per day.
Economy
Economy refers to the production, distribution, trade, and consumption of goods and services.
State Universities Began Charging Tuition in the 60’s
A series of social and legislative changes in the 60’s ended an era of tuition-free state universities in the US and started the current student loan crisis.
Money Can Buy Happiness
Money can buy happiness in some ways, and cause unhappiness in others, studies have shown that different types of wealth and income affect happiness and unhappiness in a variety of ways.
Venture Capital Helped Create Silicon Valley and Startup Culture
Venture capital, which was just emerging in the late 50’s, helped create companies like Intel, which in turn created Silicon Valley and startup culture.
Bitcoin is an Actual Coin
Bitcoin isn’t a literal coin; it’s a list of transactions recorded on a shared digital public ledger called a “block chain”.
U.S. Universities Have Always Charged Tuition
US public state universities used to be tuition-free from the early 1800’s to the late 1960’s, although they still charged fees, but college has never been free in the US.
U.S. Spends More on Military Than Any Country
The US spends far more on its military than any other country (but not when compared to GDP). In 2015 America spent about $600 billion on U.S. defense spending.
America Has Always Had an Income Tax
The first income tax in the U.S. was part of the Revenue Act of 1861, the first permanent income tax was in 1913 as part of the 16th Amendment.
Married Women Couldn’t Own Money in the 1800s
Before the Married Women’s Property Acts of the 1800s, a married woman’s money (and sometimes property) was automatically the property of her husband.