Economics

How decentralization can improve infrastructure
How decentralization can improve infrastructure

New technologies promise to connect humanity like never before. But although we can now communicate across the world instantly (and sometimes even across time zones), physical movement is still quite…

The Work Project: Reimagining Work and Care
The Work Project: Reimagining Work and Care

This is the third blog in a new series about the future of work. The series reflects on workshops that were held in five locations across Britain over the past two years. The project has been…

Being a Business
Being a Business

In the given economic system, if something that needs to be done cannot generate a profit, it will be left undone, while if something that does not need to be done can generate a profit, labor will…

The Hiring Freeze is Coming.
The Hiring Freeze is Coming.

According to recent reports, the labor market has been cooling off, and it’s starting to have an impact on job-seekers. As the labor market starts to cool off, job seekers may find themselves in a…

We’ll be alright
We’ll be alright

It’s been a turbulent few months since the beginning of the year to see the downturn in pretty much every market. However, this is also a time for respite since every decision we make in this down…

Aping the System: The Federal Reserve Tops $2 Trillion in RRP, and What That Means
Aping the System: The Federal Reserve Tops $2 Trillion in RRP, and What That Means

As of 23 May 2022, the United States Federal Reserve Bank reached a new record, with $2,044,658,000,000.00T placed in RRP. To help those unfamiliar with the United States Federal Reserve Bank, or…

Comparative Statics: Mathematics in Economics
Comparative Statics: Mathematics in Economics

This post will introduce one of the most essential mathematical methods that economists use to derive theoretical implications: comparative statics. With just a few natural assumptions about a…

Fixing Nursing Shortages, Episode 1
Fixing Nursing Shortages, Episode 1

There is no nursing shortage. For over 30 years, there have been complaints of an inadequate supply of RNs; still, here we are, same story, all while we continue ignoring talent willing to work…

The Gold Standard Economy for Sustainability
The Gold Standard Economy for Sustainability

Our monetary system had abandoned the gold standard after World War I until its culmination at Bretton Woods in 1944. The system is believed had stabilised the monetary system in the 19th century…

Odd Economics: Is Free News Really Free?
Odd Economics: Is Free News Really Free?

Modern media make us think news is free. But you get what you pay for. The public news market is a grand economic failure. We reject lemon-cars, yet we eagerly consume lemon-news. Why? For economists, consumers, media, and policymakers to understand the odd economics of free news.

The term windfall tax has been in the economic news almost as much as the word inflation in recent…
The term windfall tax has been in the economic news almost as much as the word inflation in recent…

The term windfall tax has been in the economic news almost as much as the word inflation in recent weeks. So what does it mean and does a windfall tax make economic sense? A windfall is an unexpected…

Losing Wheat
Losing Wheat

Wars, pandemics, droughts. These are not story lines from a dystopian sci-fi. 2022 has been a laborious year. The world, for the most part, is shielded from Covid19, but is still far from overcoming…

The Inflation Fraud
The Inflation Fraud

In economics, inflation is a general increase in the prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently…

Ripple CEO Reveals He Visited SEC Several Times Before Lawsuit Struck
Ripple CEO Reveals He Visited SEC Several Times Before Lawsuit Struck

Brad Garlinghouse, the CEO of cross-border payments company Ripple, spoke during a panel discussion Monday at the World Economic Forum in Davos, Switzerland. Garlinghouse, who also occupies a role as…

Consumerism
Consumerism

We have as serious consumption problem as a species. Obviously, many aspects of our survival are rooted in consumption. We need to consume food, water, and air in order to survive. And we need to…

The Rule of Diminishing Marginal Return
The Rule of Diminishing Marginal Return

"This fundamental law in basic economics is one that is worth memorizing because it makes total sense. The first chocolate bar you consume will be delicious and fulfilling."