Sound Economics

This is the first year ever that I have felt like it’s time to put up the Christmas tree before Thanksgiving. Normally, I am one of those people that complain that everyone else who has already started the countdown to Christmas, is just overdoing it. But, for many people including me this year is special, and spreading the Christmas cheers too early would not hurt anybody. It felt like, the Christmas spirit was needed. According to Blair, however, a clinical psychologist in the UK, playing happy holiday music, might in a way make us feel that we are trapped and Continue reading I Put Up My Christmas Tree before Thanksgiving→

The global pandemic has disrupted supply chains in the US and worldwide: in the first half of 2020, US imports fell by 17%, while US exports fell by nearly 25%. This leaves the US with considerable deficit. While the US has run deficits in international trade since the 1970’s, the current trade situation is especially dire: the events of 2020 have widened our deficit by nearly 20% (Leibovici and Santacreu 2020). The decline in net exports, a crucial component of real GDP, is another factor in the drop in aggregate demand brought on by the pandemic (Figure 1). There are Continue reading US exports are declining. How should we address it?→

The novel coronavirus pandemic has ravaged supply chains, livelihoods, and above all, human life and health. While the best strategy for managing America’s abrupt economic downturn is a subject of controversy, I think we can all agree that the virus has caused unprecedented economic crisis. The most rapid effect of the onset of COVID-19 outbreaks and the accompanying lockdowns was a negative shock to aggregate supply. Most US firms could not continue to produce output at the same level as before, causing a nationwide shortage of goods and services while simultaneously increasing the price level. US consumers were faced with Continue reading How has the coronavirus affected the US economy? A brief overview→

Fiscal expansionary policy is characterized by the government adjusting its spending levels and tax rates to increase aggregate demand. Fiscal expansionary policy has the most direct and immediate impact on the nation’s economic health, whereas monetary policies take time we do not have to take noticeable effect. We are in an emergency situation in which American citizens and small businesses urgently need relief; therefore, fiscal policy is the best solution. Combatting COVID-19 through fiscal policy would involve government spending of some kind. This could take the form of individual stimulus checks that everyone receives, a rent relief bill for households Continue reading The case for supporting small business with fiscal policy→

We all know about The Office, the dry humor-filled sitcom about coworkers desperately trying to get through the day while working for a paper company. Well, many of the actors from The Office just so happen to be on Cameo. Some of your favorites include Oscar Nunez ($190), Melora Hardin ($299), Kate Flannery ($180), Leslie David Baker ($300), Paul Lieberstein ($495), and last but certainly not least, Brian Baumgartner ($195). Brian Baumgartner has the most significant presence on Cameo out of all of the actors. Although he did not charge as much as some of the former coworkers, he certainly Continue reading Cameo: B-Listers Do It Again Bringing in the Big Bucks→

A lot of college senior this year graduated on online. In fact, a family friend of mines did not even attend their online graduation ceremony because they felt like there was no point. This same feeling, the feeling of having no direction or income is what a lot of college graduates during this year feel. Searching for any form of job right out of college is always hard but now trying to do that during a global pandemic and an economic meltdown seems even more hopeless. Many students, this year have either lost their jobs on campus, around town, internships, Continue reading What is the next stage of life after college graduation student during a pandemic?→