There's a basic and fundamental problem facing Opec these days. It's not about the details of the oil market, the slowing of growth in China, the end of the commodities supercycle nor even the rise of ...
According to the law of supply and demand, when the government prints or borrows trillions of dollars, the value of the dollar declines, and prices rise. That is called inflation. According to ...
The election is over. Little has changed in terms of the correlation of political power in our nation and in Minnesota. The 2024 campaigns are next, but in the meantime, there are basic economic ...
What is the worst problem in the world today? Might it be war, starvation, genocide, sectarian violence, murder, slaughter of babies in the womb? Any of these would be a rational answer. But when Pope ...
The key guarantee of stable and rapid economic growth is a high investment-to-GDP ratio. According to EBRD calculations, for Ukraine to reach its pre-war GDP level in five years, annual investments of ...
Do you believe that scarcity exists? On the first day of the high school economics course I teach, the students are challenged to help me prove that it doesn’t. “If we can prove that scarcity doesn’t ...
I have several themes planned for this Substack, one being the underappreciated beneficial aspects of markets. That’s why I’ve written about how markets adapt to changing conditions better than ...
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