While some people have overcome poverty via microloans, economic research finds that microloans don’t improve the finances or health of most low-income individuals.
When asked which three parts of the world are currently most problematic for the United States, Rice listed the Middle East, Russia and Venezuela.
In much of the 1800s, the post office had more employees than any other branch of the federal government, including the War Department.
Although unwitting buyers of low-value goods stolen by fly-by-night hustlers might not run much risk of prosecution, museums and private collectors of ancient artifacts are under increasing scrutiny to ensure items in their collections have been obtained legitimately.
The more subjective but widely used U.N. Social Progress Index (SPI) shows that Venezuela “has seen the biggest drop of any country in its SPI rank between 1990 and 2020.”
Though governments today simplify Vickrey’s proposals, congestion pricing is used in Singapore, Stockholm and London.
Nevertheless, the inflation rate has stubbornly remained above 3% since the summer of 2023.
It is difficult for businesses and individuals to forecast all risks.
So why would the price of these contracts be of interest? It goes back to the “wisdom of the crowd.”
Federal expenditures will increase from 23.9% of GDP in 2024 to nearly a quarter of the U.S. GDP by 2034.
The late Yogi Berra’s seemingly oxymoronic quip, “Nobody goes there anymore; it’s too crowded” rang strangely accurate.
Merger-related price increases mean employer-sponsored plans pay hospitals more for each procedure, meaning health insurance companies charge more for health insurance.
According to a Goldman Sachs report, there are 50 million income-earning, online-content creators, and that number is expected to increase.
For better or worse, America’s energy future will be determined by political considerations as much as market conditions since all energy sources generate external costs that are not fully incorporated into market prices.
The tradeoff is that the tariffs increase prices, and industries that use the now higher-priced goods as inputs in their production hire fewer workers.
Many people think economics is just about dollars and cents. However, it is much broader than that.
According to Bruce, if a person had bought the used Tucker in 1951 and reasonably maintained and stored the car, it would be worth at least $1.5 million today.
As a result of distributing COVID-19 relief funds to pretty much everybody, spending rose, eventually triggering inflation.
Ceasefires are tools groups use to improve their economic and political positions.
It seems to us that a correct degree of mutual forbearance is essential in navigating conflicts in a free society.
