July 2021

Reportedly, the U.K.’s currency evolved from sterling silver pennies that were used in the late 700’s. At the outbreak of World War I, the country abandoned the gold standard, then reinstated it in post-war 1925, only to abandon it again during the Great Depression. In 1971, the United Kingdom allowed the British pound to float […]

On an economy-wide scale, inflation from demand-pull occurs when buyers are eager to spend money and that creates an imbalance in supply and demand (too much demand/too little supply). An example of this type of demand-pull inflation would be tickets to a major sporting event. More people want to attend the game than the number