Article I Section 8 of the United States Constitution gives the U.S. Congress the sole power to authorize the borrowing of money on the credit […]
Tag Archives: Economics
Explaining the U.S. Debt Ceiling Crisis
A debt ceiling is a legal mandate that limits the amount of debt a government can accumulate. This mandate is determined through policymaking. Reaching the […]
What is Effective Accelerationism: Advantages and Disadvantages
There is a philosophical concept and grassroots movement that is growing among supporters of rapid but functional and beneficial scientific and technological progress. It is […]
In Brief: Hawk Tuah Meme Coin Controversy
Internet celebrity Haliey Welch, also popularly known as the Hawk Tuah Girl, launched the Hawk meme coin on 4 December 2024. The cryptocurrency reached a […]
Long COVID is Affecting the Financial Health of Americans
The widespread fear over COVID-19 during the height of the coronavirus pandemic might have been gone. However, for thousands of Americans suffering from a condition […]
Private Health Insurance as a Rent-Seeking Middleman
The creation of private health insurance stems from the need to address the rising cost of healthcare and provide the population with financial protection against […]
Origin and History of Money: From Clay Tablets to Legal Tenders
The history of money also parallels the history of human civilization. It would be impossible to embrace modernity without embracing they monetary system fully because […]
Circular Economy: Principles, Benefits, and Challenges
A circular economy is a proposed economic system and a specific model of production and consumption, that aims to reduce or eliminate waste output through […]
Javier Milei: Economic Views and Economic Policies Explained
Argentina has undergone drastic economic reforms since Javier Milei was elected to office on 10 December 2023. His presidency has been met with both commendations […]
Types and Causes of Market Failure
A market failure is an economic situation occurring from inefficiencies in the distribution of goods and services in freely functioning or unhindered markets, thus resulting […]