UBI revisited

As unemployment continues to break records every month I along with many, sometimes surprising, others contemplate the possibility of Universal Basic Income. Universal basic income, is the idea that the government guarantee a transfer payment (often suggested of $1000) to all citizens of a country with no preconditions. The idea has always had a strange following of small government types, leftwing progressives, and social conservatives that rarely come together around an idea. Small government types like the idea of replacement for the government bureaucracy of transfer payments. Social conservatives like it, as a way to replace welfare with a more universal system Continue reading UBI revisited

Saying Goodbye to the Reserve Requirements

While many people have been discussing the deficient racing bailouts, or the many fed open market operations, a less discussed occurrence is the end Reserve Requirements. Reserve requirements, are a regulation that the Federal Reserve puts in place that mandates the amount of liquidity that banks must hold relative to their total liabilities and has been a useful tool for preventing bank collapse.  While the reserve requirement as a tool, has a long and storied history dating back to the early 1900s, its status as a mandatory regulation is as recent as the 1980s. So in some ways the end to Continue reading Saying Goodbye to the Reserve Requirements

What it means to graduate During a Recession

As many of my fellow 2020 graduates know, there is a palpable feeling of loss that exists as we end our college career. Not only did we have our senior year cut short, but many of us missed out of the goodbyes and natural endings that would have acted as a capstone on our college career. Now it is very important to note that these do not matter comparatively to what is going on in the world with impoverishment, death and sickness, but it is part of the emotional costs felt by graduating students this year. These emotional costs are Continue reading What it means to graduate During a Recession

Oil Prices, and the Views of Economists

Just as the 1970s was characterized by hyper inflation, it looks like the 2020s may be characterized by deflationary cycling. Specifically, I am referring to the recently negative prices of oil futures that occurred around a month ago. Despite these crazy circumstances it appears that there are still many pundits, politicians, and economists grousing about inflation, it does appear we are entering a deflationary period. I think this is clearly partially to blame on the upbringing of the current stock of politicos, and economists that has led to the current stock of inflationary hawks. If we take that many of Continue reading Oil Prices, and the Views of Economists

Essential workers fired for speaking up about COVID19 health risks

As counties begin to lift stay at home restrictions, factory workers are increasingly susceptible to contracting COVID 19, as it is very challenging to social distance in a production line. Measures involving taking the temperature of workers and distancing during breaks have been employed, yet little has changed regarding the close proximity workers are in on the production line itself. Many of amazon’s workers have chosen to voice their concerns regarding the warehouse conditions, and most of those who have spoken up have been fired or warned that this is intolerable.  Emily Cunningham, one of amazon’s workers who spoke up, Continue reading Essential workers fired for speaking up about COVID19 health risks

How people, rather than policy makers, drive the economy in times of uncertainty

In past recessions, we have seen that high levels of uncertainty hold a strong influence on economic performance. Lack of confidence or uncertainty involving expectations discourages decision making; essentially, businesses find that the cost of investing or making a costly decision exceeds the hoped-for benefit, given that there is no baseline upon which to estimate the likelihood of the optimal situation’s occurrence. With this said, it is important to pause and discuss the distinction between risk and uncertainty, as these terms are often used interchangeably.  The unfavorable outcome of a known risk can be insured against during the decision-making process Continue reading How people, rather than policy makers, drive the economy in times of uncertainty

Mask the Purpose

With medical professionals advising civilians to wear personal protective equipment(PPE), many have made or purchased fabric masks to wear out in public areas. The style of the mask and fabric varies depending on availability, but as more and more resources are pushed towards mask making, an aesthetic component emerges. Instead of a necessity, masks are becoming a fashion statement. As this process has happened in other countries during other outbreaks, trends show that it is happening in the United States as well. It is a political statement to either rebel against medical advice and ‘keep their freedom’ or stand with Continue reading Mask the Purpose

Finance Horoscope

Why do people believe in horoscope? Can astrology explain everything including our financial status? Astrology is a pseudoscience that professes to divine, godlike information about human affairs and terrestrial events by studying the movement, and relative positions of celestial objects. Astrology has been dated to BCE (Before Common Eras) and is rooted in calendrical systems used to predict seasonal shifts and to interpret celestial cycles as signs of divine communications. Throughout most of its history, astrology was considered a scholarly tradition as well as it being common in academic circles such as astronomy, alchemy, meteorology, and medicine. It was also Continue reading Finance Horoscope

Will The Economy Ever Bounce back?

What is a pandemic? What are the major economic and social costs of a pandemic? What is the trade-off? Which generation group and firms will suffer more? How will inequality change? Who is prioritize? What can the government do about it? What can the president do about it? We are living in a pandemic and are being influenced by it one way or another. A pandemic is a global outbreak of a disease. They are classified as epidemics, if and only it is a disease that rapidly spreads across a particular region or regions. There are many examples in history, Continue reading Will The Economy Ever Bounce back?

COVID-19 in Developing Countries, Explained

Beyond the need for medical gear and proper public handwashing stations to adequately curb the transmission of COVID-19, institutional shortcomings in low- and middle-income countries present distinct challenges for effective public health measures. From crowded living spaces in slums and informal markets to the vulnerable livelihoods of refugee and migrant populations alongside women and children, developing countries are most fragile to this crisis. Urban slums and rural areas People living in overcrowded situations with little access to water and sanitation are at the greatest risk of exposure. The one-eighth of the world’s population who live in urban slums cannot properly Continue reading COVID-19 in Developing Countries, Explained