Cutting across these major divisions in economics are the specialized fields of public finance, money and banking, international trade, labour economics, agricultural economics, industrial organization, and others. Economists are frequently consulted to assess the effects of governmental measures such as ta...
While not exact, this quote is incredibly similar in tone to a quote from a columnist in June 1928, which has beenoft repeated and slightly modified sinceincluding versions by Will Rogers and inFight Club. Americanism: Using money you haven’t earned to buy things you don’t need to impres...
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Digital currencies and the soul of money(BIS) To close this, a couple of neat graphs from the European Central Bank. The first one shows a measure of central bank messages’clarity, the lower the number, the better. The second graph demonstrates the frequency (a proxy for significance) of...
NATO has a deal with the Ukrainian government: ‘we provide money and weapons, and you provide the soldiers’. The Ukrainian government is now using increasingly harsh and violent methods to capture its unwilling citizens and send them to an almost secure death in the trenches. This effort is...
(like the similar one in Honduras) may have been intended to remind Petro of his military’s continuing connections with Israel, it appears to have backfired. Petrohas accused Duqueof using state money illegally and of money laundering, citing as evidence that half of the $11 billion dollar ...
I. ’658 8/20/09 14:58 Page vConfirming PagesThe McGraw-Hill Series EconomicsSlavinESSENTIALSOFECONOMICSMONEYANDBANKINGEconomics, Microeconomics, andBrue, McConnell, and FlynnCecchettiMacroeconomicsEssentials of EconomicsMoney, Banking, and Financial Ninth EditionSecond EditionMarketsSecond EditionECONOMICSOF...
In order to keep the math easy, I assumed an interest rate of 50%. But with an interest rate that high (and given the other assumptions in the chapter), nobody would be mucking around with buying options in the first place; we’d all just be putting our money in the bank and getti...
In general, this kind ofcost-benefit analysisassumes that utility gains and losses can be expressed in money terms. It also either treats issues of equity (such as human rights, private property, justice, and fairness) as outside the question entirely or assumes that the status quo represents...