Velocity Of Money

Velocity Of Money – Will Paper Currency Soon Become Outdated?

The Velocity Of A $1 Bill The average $1 bill tends to circulate for about four to 15 years, according to the Federal Reserve. And...
Gas Station Prices

The Gas Station Argument: Why Direct Competition Leads To Different Prices

    Fields. Rural towns. Big cities. Different gas stations charge different prices. This is a simple principle in economics. Price elasticity of demand. To Calculate elasticity...
economic fairness

The Challenges Of Creating a “Fair” Economic System In 2017

The idea of ‘fairness’ in economic terms can be interpreted in several ways. For example: Is it fair that capitalism allows multinational company’s like...
africa globalization

Africa’s Path To Globalization

Saturday May 6th, 2017 Article By: David McDonald Africa as a region is experiencing one of the most rapid economic expansions on the planet, next to...
microfinance

Microfinance and It’s Challenges

  Introduction To Microfinance Microfinance in recent years has been touted as one of the most potentially effective poverty alleviation programs in the developing world. From the...
ecology of economics

Ecology of Economics: Why We Cannot Have A Perfectly Sustainable Economy In Today’s World

“I love that smell of the emissions!” -Sarah Palin, 2011 When we talk about ecology and the condition of the planet, we must understand that it...
BRICS Summit

Will BRICS Obstruct Western Markets?

Trade agreement between Brazil, Russia, India, China, and South Africa Overview Multilateral trade agreements signify the importance of globalization and economic interdependence in our rapidly-changing...
economic stability

What Makes An Economy ‘Stable?’

There are a number of different factors that affect the economic stability of a country, such as the development of technology, human capital, levels...
martian's perspective

The Martian’s Perspective On Trade Agreements

NASA is hoping to land astronauts on Mars by around 2030. Previous Rover vehicles (and Britain’s own, crashed Beagle 2 spacecraft), having been sent...
central banks

Why Central Banks Should Target 4% Inflation

  It is October 29, 1929 , also known as Black Tuesday. The Great Depression, one of the largest economic downturns in history, has just begun. Unbeknownst...

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