Month: April 2017

     As the graph below shows, the 1970s stand out as a period in which the U.S. had poor price level stability despite having a central bank, an advanced industrial economy, and educated policymakers. Therefore, understanding why this period

  If patients are completely insured against the costs of health care, will they consume more health care? Will these patients choose an equilibrium that is non-optimal to the welfare of society? These are the main concerns of moral hazard,

Dreams of lucrative real estate investing for modern Americans are frequent, but realization is rare. Real estate and land of all types are predominantly illiquid assets as buying a house and land has been the “cornerstone” for the American Dream.

“The best Wall Street minds and their best risk-management tools failed to see the crash coming,” wrote Joe Nocera in a 2009 NYT article aptly titled “Risk Mismanagement”. The Great Recession imparted an unwelcome lesson in humility to risk management

Illegal drugs are an enormous problem in modern society. Humans have been using drugs for thousands of years, before present-day government structures existed. This was often done for medicinal or shamanistic purposes. But today, governments around the world have rendered

Before exploring the costs of action and inaction against climate change I find it important to note that global climate change and its potential causes are not and can’t be objectively proven. I have my opinions on the matter, but

  When I travelled to Spain several years ago, I talked with man who lived there.  He explained how it was difficult for Spain to export their goods because the Euro was too expensive.  This is because countries like Germany

On March 27th, 2017, the National Football League’s thirty-two owners voted on whether or not the Oakland Raiders franchise would be allowed to relocate to Las Vegas for the beginning of the 2019 football season. The vote, which passed with

The traditional retail industry is currently in a state of decline, especially when it comes to major brick-and-mortar retailers of electronics, clothing, and other consumer discretionary items. E-commerce is a significant factor of this decline in the industry. Among e-commerce’s

One of my previous posts detailed the advantages of the United States adopting an unconditional or universal basic income (UBI). Within that post I only briefly mentioned the cost of implementing a basic income, which I will address more in