The minimum wage has been the subject of some of the most polarizing political and economic debates in the past century. It was once universally accepted that an increase in wages would unambiguously raise unemployment, but new...
Category - Economics
The COVID-19 pandemic has created a devastating economic recession that has forced unprecedented levels of fiscal and monetary policy. Economists are beginning to rethink the economy in ways that could revolutionize the field...
The controversial fiscal and monetary policies that were implemented as a result of the 2008 housing market crash may have prevented further damage to the economy, but they have not fixed the fundamental problems that caused the...
Many years ago, legendary economist John Maynard Keynes predicted that society would become so prosperous and efficient as a result of the industrial revolution that people would hardly have to work. Those who once used to work...
One of the most common arguments against government-sponsored companies or programs such as the USPS is that they are insufficient, expensive, and cost hard-working taxpayers billions of dollars. This is a common line of...
There was once a time in American history when funding for higher education came almost entirely from the state. Today, students bear the enormous burden of ridiculously high tuition, which has been met with lamentable levels of...
The global financial crisis of 2008 devastated many countries around the world and demonstrated the fragility of our economic system. However, French and German banks faced a particularly desperate situation. They have been...
Unprecedented times call for unprecedented measures, but newly imposed measures of fiscal and monetary policy have reignited old fears of hyperinflation and debt. With the sheer importance and complexity of monetary policy rarely...