Tags » Basic Economics

New study: Bernie Sanders' budget would raise taxes $13.6 trillion over a decade

It’s very strange to me that young people seem to like Bernie Sanders’ rhetoric so much. Have they really considered what his budget would require? 1,469 more words

News

Understanding Economics: Introduction to a Crash Course

Disclaimer:  The book, “Basic Economics: A Common Sense Guide to the Economy,” by Thomas Sowell, is being used as a reference and textbook of sorts for this crash course in economics. 492 more words

Free Market Economy

Trump supported the bank bailout and auto bailout, Cruz opposes all bailouts

I have two friends who are Trump supporters. I’ve been going over Trump’s record with them, and I thought that I would blog some of the evidence I presented here. 1,044 more words

Commentary

Is there any downside to raising the minimum wage to $15 an hour?

This article is from the libertarian Reason.com. They’re terrible at social issues, but really really good at economics.

They write:

Raising the minimum wage like this is an idea that’s become increasingly common amongst more liberal Democratic politicians and policymakers: The city of Seattle, Washington passed a law raising its minimum wage to $15 last year, and the Los Angeles city council voted to follow suit.

627 more words
Polemics

Concepts of GDP, NDP, GNP and NNP (Economics)

Economics is a very important part of UPSC, APSC, SSC and all Bank PO  exams. But for most of the aspirants who are not from economics background, it becomes very tough to understand the concepts of Economics. 778 more words

UPSC

Basic Economics 101: "Market Prices" and "Trade-offs" in a Trip to the Vet's

There are probably few things that hurt worse than needing to take your puppy to the vet.

I knew Corwin was sick, but I didn’t think it would last until I was on my way to Aiki (Juji night too, huhuhu). 472 more words

Diary Entry