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Gold is being used as currency in Venezuela

“A trending video on social media illustrated that in some states of Venezuela, people are using gold for their everyday transactions. In fact, it shows that they are using the domestic currency to wrap the grams of Gold. It is that worthless.”

Federal Reserve is concerned with U.S. inflation rate.

“Chairman Powell is right; the Fed has to be cautious with the country’s inflation rate. High levels of inflation would harm middle-class Americans the most, which is the reason the Fed should have this under control.”

This week, the Labor Department said that the U.S. consumer-price index had increased by 5.4 percent from June 2020 to June 2021, the highest 12-month rate since August 2018. 

Humanizing Economics

“We have to understand the realities of our people. We need to familiarize ourselves with their talents, struggles, and goals. By doing this, we will be able to design policies to maximize their talents and mitigate their deficiencies, which is the only way to develop our nations.”