Let’s start with a question that sounds almost too simple for a serious economic debate. If you give a group of technocrats — unelected, highly educated, largely insulated from day-to-day political pressure — control over a country’s money supply and interest rates, does inflation go […]
Here’s a thought experiment. Imagine two countries. In the first country, people work 70-hour weeks, divorce rates are skyrocketing, the air is barely breathable, rivers run brown with industrial runoff, and half the population is on antidepressants — but the economy is growing at 7% […]
Picture a country as a household. Some households are smart enough to put money away during the good years — when promotions are coming, bonuses are flowing, and the economy feels like it’ll never stop humming. They build up a nest egg. Then when the […]
Imagine trying to build a house without any tools. You have the raw materials — the bricks, the wood, the concrete — but without a hammer, a saw, or even a measuring tape, you’re essentially stuck. That’s what economic life looks like for billions of […]
Let’s be honest with each other for a second. How many times have you seen a powerful public health ad, felt genuinely moved by it, maybe even changed your behavior for a week or two — and then slowly drifted right back to your old […]
If you’ve ever sat through an economics lecture or stumbled across a heated debate between policy wonks on television, you’ve probably heard the term “fiscal multiplier” thrown around like it’s the Holy Grail of macroeconomic policy. But what exactly is it, and why does the […]
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