… give or take
// The Eurozone is the collection of countries that use the euro currency. In light of the recent economic turmoil in Greece, it has been argued that Greece was never a strong enough economy to be a member of the Eurozone. It’s becoming more and more likely that Greece may have to leave the euro and [...]
Continuing from Part 2, reasons why the rich are taxed less than everyone else in America. // 5. The rich spend less and save more It is a very common observation in economics that people with greater incomes tend to save more of their money. This is true not just in absolute terms, but in [...]
// The IMF recently made a prediction that the Chinese economy, in total size, will be larger than America’s in a matter of years. In fact, the shift is so close that “According to the IMF forecast… whoever is elected U.S. president next year — Obama? Mitt Romney? Donald Trump? — will be the last [...]
// A recent piece on Business Insider displayed a slew of interesting charts detailing different aspects of the rise in inequality in the US in the recent decades. The state of American inequality is either a shocking revelation or a banal cliche, depending on your point of view. All of the stats displayed were interesting, [...]
// Arvind Subramanian writes recently in the FT that the field of economics has “made amends” for failing to predict the economic crisis by producing effective solutions for managing it. The fact that a depression was avoided indicates that, for all its flaws, economics has contributed positively. For sure, we have not learnt all the [...]
