My thoughts on the stock market

If someone walks up and offers a way to make easy money without effort, it would seem too good to be true, why would anyone want to give me money? That is basically how the stock market works. On average in the long run, the stock market is a reliable source of personal income, basically […]

Do we gain from trade?

Whenever we purchase anything, we contribute to the economy by being the first or last domino brick, depending on how you see it, in many trades affecting millions of people throughout the supply chain across the world. These trades are what bring economic value and human progression to this world.

Why have prices increased lately?

In economics, changes in price levels are called inflation. During the 21st century, virtually all western countries have had a much lower rate of inflation, i.e. price increase, than we have had historically. One reason may be that economists now understand inflation quite well, compared to a few decades ago. Milton Friedman won the Nobel […]

How developing countries progress

There is an ongoing debate in the economic literature about whether developing countries are catching up with the western world economically or not. The answer is that it depends on what region of the world we are observing, and there are several hypotheses as to why some developing countries do progress well economically while others […]