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New Server for Economics Blog

Yesterday, I had some problems with my server. So I moved to a new host – Host i Can

We also took the opportunity to upgrade this particular blog to Wordpress 2.5

The other Economics blog uses blogger software.

A few comments may have got lost yesterday. You are always welcome to resubmit.

(Note there are some questions that  I don’t like to answer like calculations for Monopoly pricing and output.)

Hyperinflation and the Declining Dollar

In this essay I looked at why the Dollar may soon be losing its status as the world’s reserve currency. There are actually quite a few arguments against this occuring; but, this essay focuses mainly on why the dollar is weak and why this may lead to the Euro replacing the dollar as the world’s reserve currency.

A fascinating piece of economic history is the hyperinflation of Germany in 1923. I first encountered the hyperinflation whilst studying GCSE history. There are many examples of how inflation can ruin an economy. Stories like people taking a wheelbarrow full of money to buy a loaf of bread. They left the wheel barrow unattended and when they returned the money was still there but, the wheel barrow taken. This essay looks at some of the causes and costs of hyperinflation.

Interestingly the German government of the fledgling Weimar republic were more concerned about unemployment than inflation.

Recommended Book 

  • Economic NaturalistWhy Economics explains almost everything – is a good read about the application of Economics to everyday life

Would You Like Fries With Your A Level

It has been reported that companies like McDonald’s will be able to develop and offer their own qualifications – upto A Level Standard.

McDonalds is one of the first firms to offer nationally recognised qualifications BBC News link

Workers will be able to do their exams in the restaurants…

In Other News

Welcome to New Economics Blog

Welcome to the new economics blog

This blog is updated by Tejvan Richard Pettinger