For the past few years there has been a call to raise the Federal Minimum Wage to $15.00 per hour. The purpose of this article is to remind the reader that a wage earner receives the higher of the Federal, State, City, and in many cases the private sector company’s minimum wage. But more...

The author describes a classroom activity in which macroeconomics principles students actively learn how banks create money by making loans and how changes in the required reserve ratio impact the money supply. The instructor uses game pieces and money from the well known Monopoly® board game...