Greece is the way we are feeling!
By Max Musson: According to those who promote European union as an idealistic aim and those who promote the EU as the embodiment of that ideal, such a union is intended to be beneficial for all concerned – a state of affairs in which each member state is stronger and more secure because of the fraternal support provided by the others. However this does not seem to be working out too well for Greece in…
The Origins of the Banking System
By Kasredin: In order to understand how banks work, it helps if we go back in time and explain how banks first came into existence. The topic of inflation is linked to the development of banks. As a teenager I studied the Elizabethan era in history lessons at school, and I remember reading that prices rose sharply during this period of English history. I wondered why this happened, but my history textbook did not explain.…