As humans, we are plagued with the innate hubris of our ability to control our world. Here's the reality: Not only do we have very little control over our own career paths, but we hardly stick to our own weekly schedule! There are far too many variables that get in the way of our plans. … Continue reading The “Economy” is Much Harder to Control Than You (or Trump) Thinks
Edward Prescott and Finn Kydland won the Nobel Prize in 2004 for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles." In other words, how present-day government decisions don't account for future government decisions.
By Diego Zuluaga The Leave campaign carried the day in the EU referendum by promising to “take back control." On an individual level, this is unambiguously an appealing prospect – who wouldn’t want to be the master of one’s own destiny? But when it comes to issues of public policy, the motto has as its … Continue reading No use in tampering with the tampon tax
To curb the rise of fat kids and raise some extra cash, cities across the country are attempting to tax sugar, particularly sodas. However, the potential health benefits might not outweigh the cost to consumers and businesses, especially in poor areas. Recently, Seattle jumped on the bandwagon and became the eighth American city to implement … Continue reading Fat Kids Unite: Seattle’s Soda Tax
Taxes have always had a negative connotation attached to them. It’s kind of like the government is legally stealing from our wallets. To most Americans, though, paying taxes is part of being a responsible citizen. We’re proud to pay taxes but really confused by them. This confusion makes us angry. You don’t know much about … Continue reading Death, Errrr, Confused By Taxes