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What happens if they devalue the dollar?

If the dollar is devalued, the dollar cost of production increases. A statement of the obvious. Currency devaluation is an explicit acknowledgement that t...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What happens to the money supply when a commercial bank makes a loan?

The bank will keep some of it on hand as required reserves, but it will loan the excess reserves out. When that loan is made, it increases the money suppl...

Is beating your brother Legal?

There is nothing in the law that provides an exception for hitting one’s sibling. So yes, it is illegal to hit a minor (or an adult) even if they are your...

What is lien Judgement?

A judgment lien is a court ruling that gives a creditor the right to take possession of a debtor’s real or personal property if the debtor fails to fulfil...

Does contributing more to 401k reduce taxes?

Based on your income and filing status, your contributions to a qualified 401(k) may lower your tax bill more through the Saver’s Credit, formally called ...

What happens if you marry someone with student loans?

If your spouse takes out a student loan during your marriage, but can’t make payments and defaults, creditors in some states can go after both of your wag...

What is mortgage loan process?

The mortgage approval process is similar to a mortgage pre-approval: you’ll need to provide your mortgage broker or lender with specific details about the...

Can my wife take away my kids?

She has no right to do so because as a married couple, both of you have the same legal rights to joint physical custody and joint legal custody to the kid...

What to say when someone passed away years ago?

The Best Things to Say to Someone in Grief I am so sorry for your loss. I wish I had the right words, just know I care. I don’t know how you feel, but I a...

How do I collect my lottery winnings?

Lottery winners can collect their prize as an annuity or as a lump-sum. Often referred to as a “lottery annuity,” the annuity option provides annual payme...