Adam Smith’s Law of Supply and Demand, also known as the law of markets, is a fundamental principle in economics that describes the relationship between the supply of a product or service and the demand for that product or service. According to this law, the price of a product or service in a free market… Read More »
The history of the U.S. debt limit process dates back to the early years of the United States. Here’s a brief overview of its history and the reasons behind its establishment: Founding Years: The U.S. Constitution, ratified in 1788, granted the federal government the power to borrow money. However, concerns about excessive debt and the… Read More »
(NewsUSA) – “To say we were disorganized is putting it mildly.” Like so many Americans, they didn’t have a plan for their money. The problem is often not how much money a family makes, but that they have no idea what they’re spending it on. Seventy-eight percent of full-time workers say they live paycheck to… Read More »
Paige Marta Skiba, Dalié Jiménez, Michelle McKinnon Miller. Pamela Foohey, & Sara Sternberg Greene | May 13, 2020 As more Americans lose all or part of their incomes and struggle with mounting debts, another crisis looms: a wave of personal bankruptcies. Bankruptcy can discharge or erase many types of debts and stop foreclosures, repossessions and wage garnishments. But… Read More »
Julie Appleby & Steven Findlay (Kaiser Health News) | April 28, 2020 As doctors and consumers are forced to put most nonemergency procedures on hold, many health insurers foresee strong profits. So why is the industry looking to Congress for help? Insurers say that while that falloff in claims for non-COVID care is offsetting for now… Read More »
Jay Hancock & Elizabeth Lucas (Kaiser Health News) | March 11, 2020 In one of the most sweeping moves yet by a nonprofit hospital system to reduce aggressive bill collection, VCU Health is halting seizure of patients’ wages and removing thousands of liens against patients’ homes, some dating to the 1990s. “Health care needs to be… Read More »
By P Mathivanan | January 13, 2020 Distinction between Bitcoin and Currency of Central Banks What is the difference between central bank authorized currency and Bitcoin? The bearer of central bank authorized currency can merely tender it for exchange of goods and services. The holder of Bitcoins cannot tender it because it’s a virtual currency not… Read More »
By Richard Brody | November 26, 2019 Have you ever wondered, why, some houses, sell quickly, while many other, similar ones, seem to sit, on the market, for a considerable period of time, and/ or, fail, to sell? As a Real Estate Licensed Salesperson, in the State of New York, for nearly 15 years, I have… Read More »
By James Gaius Ibe | July 10, 2019 How do firms mitigate adverse selection and moral hazard derivative of asymmetric information? How do hidden characteristics or profiles exacerbate adverse selection? How do hidden actions and material changes in behavior exacerbate moral hazard? The answers to these strategic questions are critical to effective formulation and execution of optimal adverse… Read More »
By Julius Probst | July 12, 2019 More than ten years on from the global financial crisis and economies around the world are still struggling to fully recover. The latest data is not promising. International institutions such as the OECD, IMF and World Bank have all recently downgraded their growth forecasts for the current… Read More »