Blog post 4

---Originally published by Alexander Westerlund at ECON 260 Comp Econ Systems – Spring 2017 – Alexander Westerlund

Extinguishing the national debt with one click.. In the 1980’s, a cahirman of the coinage subcommittee of the U.S house of represenatives pointed out that the national debt could be paid with a single coin… The constitution gives congress the power to coin money and regulate its value and no limitation is put on the … Continue reading "Blog post 4"

Blog Post 3

---Originally published by Alexander Westerlund at ECON 260 Comp Econ Systems – Spring 2017 – Alexander Westerlund

Interest.. Interest is now a huge thing to watch when getting a mortgage or any sort of time where you borrow money. Interest charges are Incorporated into every stage of producing a product, from pulling raw materials out of the earth to putting the goods on store shelves. These cumulative charges have been estimated to … Continue reading "Blog Post 3"

Blog post 2

---Originally published by Alexander Westerlund at ECON 260 Comp Econ Systems – Spring 2017 – Alexander Westerlund

The money supply and the federal debt To keep the economic wheels turning, the money supply must continuously inflate and the federal debt must continually expand. This was revealed by Marriner Eccles, Governor of the Federal Reserve Board. How does the federal reserve get money to buy government bonds? It’s created out of the right … Continue reading "Blog post 2"

Blog post 1

---Originally published by Alexander Westerlund at ECON 260 Comp Econ Systems – Spring 2017 – Alexander Westerlund

Do we need federal income tax? Income Tax by definition is tax levied by a government directly on income, especially an annual tax on personal income. According to the Congressional Budget Office, individual income taxes are the federal government’s top source of revenue. In 2008, for example, individuals paid about $1.15 trillion in income taxes, amounting … Continue reading "Blog post 1"

Final Exam Responses

---Originally published by Alexander Westerlund at ECON 260 Comp Econ Systems – Spring 2017 – Alexander Westerlund

Question 1: What is the most (or one of the most) significant, insightful, or helpful comments that a fellow student made. Why? How did it help, change, or open your thinking. One of the most significant comments I read this semester came from Topic 10. Below is An excerpt from Britteny Baley’s comment. Any sort … Continue reading "Final Exam Responses"

Hello, my name is Alex….

Hello, my name is Alex. I am currently enrolled in the LCC Aviation Maintenance program seeking 2 associates degrees to have in my hand at the end of the two years, it’s a demanding program that also goes year round. I’m a very busy student as we go to class 5 days a week and an average of 30 hours. I plan to transfer to complete my bachelors degree immediately after this program and earning My Air-frame and Power-plant license. I do not know what to expect this semester seeing this will be my first online class!
I am interested in learning about the supply and demand side of economics. For example, the demand being higher than the resources can provide.(Scarcity) I’m also interested in unemployment and trade. I’m looking forward to going deeply into a certain area (hopefully aviation). Because I would love to see the economics side of the industry that I plan to work in. However i’m interested in what everyone else wants to go over this semester!
Good luck to everyone this semester!
Alex