It's really amazing to watch Robert Reich struggling with the most basic concepts in economics. Even when he's latched onto something which is actually a good idea, like the universal basic income. He ...

Supply and demand. Picture via https://citycms.s3.amazonaws.com Besides being an avid technologist, I am an economist. So let me start by introducing you to one of the fundamental concepts in ...

But basic economics tells us the most fundamental consequence of a tariff will be higher prices and lower consumption for those goods, as Bank of America Merrill Lynch illustrated in a note to clients ...

There is a law that forms one of the most basic concepts in economics. It’s called “the law of diminishing marginal utility”. What it means is that the more you have of something, the less you enjoy ...

We live in an era of zombie banks, financial institutions that should be dead and gone, but which continue to exist only because of government financial support. On Sunday, February 12, the second ...