I’ve been asked to blog here on basic economics and business concepts.  The goal is to focus on current topics and give an explanation of the underlying definitions.  For example, the fact that the Federal Reserve and the US Government are going to “bail out” several industries should give us pause to consider:

1.  Why do banks need money when they have all of ours already on deposit?
2.  What is a “bail-out”, exactly?
3.  As the Feds give money to these companies, where does that money come from?
4.  Will inflation follow (and why should we worry about inflation now)?

You get the idea.  I like it, and I’ll try to blog as events happen.

I have an Economics degree and have been in the business world for 30 years.  Not too much is happening now that we haven’t already seen in my lifetime.  I’ll try to put some of the current smart (and dumb) ideas into historical perspective.  Mostly I want to provide some clarity on the subjects that CNN, MSNBC, and the like are being hysterical about.