Fashion has become a trillion dollar global industry. In the United States alone, it contributes more than $250 billion to the economy. Recently, the industry has been experiencing a different type of trend – one toward fast fashion. Traditionally, apparel
Milton Friedman, Velocity, and Venezuela
Milton Friedman was one of the most regarded economists of our time. He was well known as a prominent monetary theorist, as well as opponent to much of what Keynes had to say. In their arguments over quantity theory, which
Why The Anti-Immigration Policy Is A Bad Move
One of the most important issues that the new administrations faces concerns immigration policy. In his first month in office, President Trump signed an executive order that calls for much of what he had promised during his campaign. The order
Unemployment, Political Business Cycles, and Expectations
In 2016, the United States saw its unemployment rate continue to fall, sliding down as low as 4.6 percent in November and keeping an annual average of 4.9 percent, the lowest it’s been since 2009. Thirty-eight states including DC, experienced