Specifically, the award to Bernanke “cited a 1983 publication establishing bank failures as key to the transformation of an economic recession into the most severe depression of the 20th century.”
During the Great Depression, real price-adjusted Gross Domestic Product (GDP) fell every year, for four years, from 1929 to 1933 and by a cumulative 26.3%.
Developers like the higher density, which increases profits, and homeowners like the increased amenities, like community clubhouses and playgrounds and control over the neighborhood
Inflation is not caused by rising prices of certain “key” items or “critical” inputs.
A satisfying job serves oneself and one’s family, the community and the larger society.
We economics professors love our bragging rights. At Ball State, we advertise our economics major as “the major that pays.” Numerous studies back this up. Undergraduates majoring in economics earn more than those majoring in most other fields of study, the exception being engineering majors. Economics majors consistently earn more than other business school majors. […]
These loans are a significant reason tuition is increasing.
Perhaps the best bumper sticker for economics is: Incentives matter. This insight is vital in thinking about behavior, including how for-profit and not-for-profit firms operate.
Some suggest that only the “rich” should pay the increased tax revenue since they are not paying their “fair share.” Of course, what is a “fair share” is a matter of opinion.
Last week, the Senate passed a bill imposing a minimum alternative corporate income tax.
We suspect inflation will eventually be conquered. We give even odds as to whether inflation has peaked.
When researchers try to include non-cash benefits, there are problems with the data.
History is sad, especially when it repeats itself nearly 90 years later.
Unless something is changed, it is also projected the trust fund will be depleted in 2035, when the system’s revenue will cover only about 80% of its promised benefits.
The framers increased the power of the national government compared to the Articles of Confederation so it could perform the functions of a national government.
Although a Gobstopper might be eternal, the tastes and preferences of consumers—even those with very little pocket money—are not.
The home gardener/canner is pretty much just as reliant on his fellow humans and market exchanges as those who get their produce at Walmart.
Few public policies are as broadly popular as the proposition that infants should have access to baby formula.
To reduce the use of fossil fuels, it is rather obvious current users will have to find substitutes for its current uses.
During the current recovery, the Fed has abused its discretion, purchasing trillions in Treasury bonds and mortgage securities, flooding the economy with money and credit.
