It is hard to say with any certainty, though my best guess would be no in the short run and probably in the long-run. In the short-run, say, five to 18 months, the aggregated price level will likely experience very little inflation. The long run, however, might be a different story, especially with healthcare. Price … Continue reading Will Prices Increase Once Businesses Reopen?
If you know Spanish, watch the video: https://www.facebook.com/watch/?v=873589819731339 The woman in the video and still image above, Lola, provides a moving soliloquy regarding the ongoing pandemic. She opens with the realization that "common sense" is not as common as we think. She goes on to say that those who have common sense are worthy of … Continue reading I’d Rather Have a Stuffy Nose
As we undergo measures of dealing with a completely exogenous--external--shock, this is like a dream-come-true scenario for teaching economics. For the time being, we no longer need to conjure up abstract stories to drive the point of the law of demand or how prices tend to find some equilibrium. We don’t have to explain the … Continue reading It’s Hard to Scream Louder than the Panicked
Question Based on your political beliefs, would you never have implemented a quarantine and left it up to people to self-quarantine? If no, do you agree with all the government interventions that have been rolled out and/or are about to be rolled out in order to help individuals/businesses/industries affected by the quarantine? Please frame both … Continue reading COVID-19 Essay Question
On social media, people are up in arms with how the government is quick to take care of the filthy wealthy bankers and don't care at all about the working-class folk. "Oh, so the government can inject $1.5 Trillion in an instant to save the banks but can't provide free healthcare to the 99 percent … Continue reading Hysteria: $1.5 Trillion Injection From the Fed