Compound Interest
What is the difference between simple and compound interest? Also, illustrated how and when compound interest is used as well as introduce the basics of savings accounts and time deposit accounts.
Sources of Capital
This clip looks at potential sources of capital for getting a new business off the ground. Apart from tapping one's own savings or other personal resources, the other options generally fall into two broad categories; debt and equity.
Paying Down the National Debt
Director of the National Economic Council and former Secretary of the Treasury Lawrence Summers talks about the importance of paying down the debt, particularly because the United States is, "...a country that chronically undersaves."
Balancing Act: In Economic Terms...
In 1998 revenues from taxes equaled expenditures and the United States had a balanced budget for the first time since 1969. Only a small portion of the federal budget is really discretionary. When the country is in a deficit rather than a surplus si...