I only take a passing interest in American politics. I’m just grateful not to live in Ohio, where voters have been subject to hours and hours of political ad campaigns. According to a newsnight presenter, if the 150,000 ads were all lined up, they would last for four consecutive days. (although I’m sure that would …
Readers Question Is the study of economics irrelevant in the absence of the concept of scarcity? It would make a good interview question. The difficult thing is trying to imagine what a society would be like if it had no scarcity. One thinks of the imaginary desert island, with abundant resources and a lone Robinson …
You are welcome to ask questions on Economics. Though you might also like to try google custom search (top right) to see if the topic has been covered before. I am looking to explain economic principles / ideas/ recent developments in economics. I can’t promise to answer, but will try if it meets the criteria …
It’s the time of the year when many students are getting to start economics for the first time. It can be a little confusing with so many new concepts and words. But, if we had just one lesson, what could we teach about economics? Society wishes to optimise the distribution of resources. Economics considers how …
You are welcome to ask questions on Economics. I will post the answer on this blog, for everyone to benefit from. I shall try to answer the economics question and / or point to other resources but please bear in mind. The replies will be guidance and not for duplication. Your essays should always be …
Living Beyond Our Means – Why Are Bond Yields Going Up?Watch this video on YouTube It’s not been as spectacular as September 2022 when bond yields made the front pages, but quietly markets are pushing up the cost of UK debt. The bond yield for 30-year gilts has reached its highest level since 1998. …
Since the start of the year, the dollar has fallen 11%. And this fall in the dollar has occurred despite the US having significantly higher short-term rates which should in theory, be boosting the dollar value. Investors are worried about US instability, higher tariffs, the threat of inflation, lower growth and now a rapid rise …
This is UK National debt since 1780. It tells part of the national story. Napoleon’s defeat at Waterloo didn’t just change European history, it saved Britain from bankruptcy. The two world wars once again saw debt surge as the debt provided an emergency lifeline. How Does Government Debt Work?Watch this video on YouTube However, despite …