Credipedia

Credipedia promotes free useful info about economics. Credipedia conducts economic research, and offers its opinions for free. Subscription is free.🛡️

[Credipedia @credipediarocks]

The CLARITY Act is U.S. legislation 🇺🇸 designed to create a comprehensive regulatory framework 📝 for the cryptocurrency industry 🪙. The goal of the Clarity Act is to provide "clarity" ✨ of jurisdictional boundaries 🚧 between digital assets 💻 and regulated stocks 📈.

[Bitcoin Magazine @BitcoinMagazine]

BREAKING: 🇺🇸 Senate Banking Committee PASSES the Clarity Act in 15-9 vote.

The bill now goes to the full Senate.

[Credipedia @credipediarocks]

An asset class is a group of investments that share similar characteristics 📊, behave similarly in the marketplace 📉📈, and are governed by the same rules and regulations ⚖️. Asset classes are the broad categories into which all investable assets are divided 🗂️.

[Coin Bureau @coinbureau]

🚨NEW: Blackrock CEO Larry Fink says surging demand for computing power could soon create an entirely new asset class centered around buying and selling compute futures.

[Credipedia @credipediarocks]

When oil 🛢️supply shrinks and shipping rates climb,
price tags soar while wallets decline.
What force ripples through markets far and wide,
bringing economic impact that few can hide?

[Credipedia @credipediarocks]

Microsoft Excel 📊is the world's most popular spreadsheet software for calculations, data analysis, budgeting, dashboards, and running entire small businesses since 1985. #Excel It’s still the #1 tool in 2025.

[Microsoft Excel @msexcel]

=CHAMPION. Congratulations Diarmuid Early on becoming the 2025 Excel World Championship winner. @FMWC_

[Credipedia @credipediarocks]

ADP (Automatic Data Processing) is a major provider of payroll and HR solutions 🧑‍💼💻.
ADP Payroll processing 💰automates the entire process, from calculating wages, overtime, and deductions to distributing pay via direct deposit 💳 or checks.

[Justin Wolfers @JustinWolfers]

This is why I'm not putting much stock in the ADP estimate of employment growth.

Historically it has not been a very informative indicator of month-to-month changes.

[Credipedia @credipediarocks]

📊The BLS Commissioner oversees the Bureau of Labor Statistics, ensuring accurate, timely labor and economic data for public and policy decisions.

[Credipedia @credipediarocks]

🏦The Federal Reserve pays for its buildings and operations through its own revenue. The Federal Reserve generates income from interest on U.S. government securities. The revenue can be applied to cost such as 🚧 construction, maintenance, and operation of its buildings.

[Credipedia @credipediarocks]

@EYakoby A government-owned supermarket 🛒 is a state-controlled retail store selling groceries and household goods. These aim to provide affordable essentials 💰, stabilize prices 📉, ensure food security 🍎, or support local producers 🧑‍🌾, prioritizing public policy over profit.

[Credipedia @credipediarocks]

As US 🇺🇸 debt grows, the government must make increasing interest payments to Treasury security bondholders— rather than allocating those funds to other public priorities such infrastructure 🏗️, education 📚, defense 🛡️, or social programs 🤝.

[Credipedia @credipediarocks]

The U.S. Treasury manages federal borrowing by issuing securities to fund government operations and cover deficits. 💰 Wealthy individuals and institutions buy these securities. 🏦 The government pays them interest, with costs rising as debt grows 📈.

[Robert Reich @RBReich]

The rich used to pay higher taxes to the government.

Now, the government pays the rich interest on a swelling debt, caused largely by lower taxes on the rich.

It's a big switcheroo — and Trump's debt-ballooning tax cuts will make it even worse.

[Credipedia @credipediarocks]

Notable (H.R. 1) Cuts:
🪚 Cuts Medicaid
🪚 Cuts CHIP
🪚 Cuts SNAP by $313 billion
🪚 Cuts Medicare by $500 billion
➕Notable (H.R. 1) Revenue Reductions:
➕ Temporary tax cuts for worker tips
➕ Temporary tax cuts for auto loan interest.

[ABC News @ABC]

Elon Musk continued his attacks on Pres. Trump's signature bill with a barrage of posts on X, saying in one that no one "should be able to stomach it." Another instructed his more than 200 million followers to call members of Congress to "KILL the BILL." https://t.co/GKlAo74ezq

[Credipedia @credipediarocks]

The average monthly cost of living for a single person in NYC is approximately $4,441. As of January 1, 2025, the New York State minimum wage is $16.50 per hour, yielding approximately $2,230.53 net per month, less then the cost of living of $4,441 in NYC, by $2,210.47 per month.

[Wall Street Apes @WallStreetApes]

This American needs a 2 bedroom apartment in New York

The available units he’s shown cost $7,000 per month. He can’t afford it but he needs a place so he looked anyway
‌
He filmed what $7,000 a month gets you for an apartment in New York City. Absolutely insane.

[Credipedia @credipediarocks]

Price 🏷️ gouging refers to the practice of increasing prices of goods or services, to levels considered unreasonably high.🔺

[Robert Reich @RBReich]

Is your Memorial Day barbecue more expensive this year?

Maybe because just 4 firms control 85% of the beef market, 66% of the pork market, and 54% of the poultry market.

Minimal competition means maximized price gouging.

[Credipedia @credipediarocks]

A digital 💻 asset is any form of content or data stored digitally that has value, utility, or ownership rights. This includes cryptocurrencies tokens 👾 digital media ,documents, in-game items, domain names, and virtual real estate.

[Treasury Secretary Scott Bessent @SecScottBessent]

We believe the United States should be the premier destination for digital assets.

Digital assets are an important source of innovation that can drive usage of the U.S. dollar around the world with stablecoin legislation.

[Credipedia @credipediarocks]

@profstonge Real GDP contracted at an annual rate of 0.3% in the first quarter of 2025 (January–March), marking the first negative growth since Q1 2022.

[Credipedia @credipediarocks]

IMF 🌐stands for “International Monetary Fund”. IMF is a global organization of 191 member countries that facilitates global monetary cooperation, secure financial stability, facilitate international trade, promote high employment, and reduce world poverty.

[Treasury Secretary Scott Bessent @SecScottBessent]

We must make the IMF the IMF again.

The IMF was once unwavering in its mission of promoting global monetary cooperation and financial stability.

Now it devotes disproportionate time and resources to work on climate change, gender, and social issues.

These issues are NOT the IMF mission.

[Credipedia @credipediarocks]

The debt-to-GDP ratio 📊 is a key economic metric that compares a country's total public debt to its gross domestic product. The GDP(Gross Domestic Product) is the total monetary value of all finished goods & services produced within a country's borders during a specific period.

[Credipedia @credipediarocks]

A reciprocal tariff 🛂 rate is a trade policy tool where a country 🗺️imposes tariffs on imports from another country at rates that mirror or respond to the tariffs or trade barriers imposed by that country on its exports.

[Yahoo Finance @YahooFinance]

President Trump imposed a baseline tariff of 10% on all countries, which will kick in on April 5. On April 9, that number will ratchet up to a customized tariff rate, called the reciprocal rate.

@jenniferisms explains:

[Credipedia @credipediarocks]

A wealth tax 🛃 is levied on an individual's net worth, while a consumption tax is applied when purchasing goods or services 🚚. Wealth 💰tax targets assets, consumption tax targets spending.
https://t.co/GD9r4Qs8LS

[Credipedia @credipediarocks]

A 2022 National 🏞️Park Service (NPS) report indicates visitor spending in communities near U.S. 🇺🇸national parks supported $50.3 billion in economic output nationwide.

[Kyla Scanlon @kylascan]

For every $1 spent by the Parks, they produce $15 in economic activity. It is less than 0.067% of all federal spending.

Parks have a huge economic multiplier. They create platforms for substantial private sector activity (tourism, recreation businesses, etc.) while preserving public assets that appreciate in value over time. It's an incredible investment for the economy, and one we should keep.