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The IMF: Protector of the World Financial Order?

Introduction Did you know that the combined national debt of every country in the world hovers at approximately sixty-nine trillion dollars? This is a testament to just how compli...

Human Development Index: Quantifying Quality of Life

How Do You Quantify “Quality of Life”? How are you doing, really? Beyond the knee-jerk reaction of “I’m fine, thanks,” if you pause and give this question some true consideration,...

Prisoner’s Dilemma: It’s You or Me

Problem Maggie and Lou are found at a crime scene. Given the physical evidence, they’re each looking at about one year in prison. However, the cops want more than that. They take ...

The Federal Reserve and Interest Rates

Have You Ever? You’ve heard it before on the news: “The Federal Reserve lowers interest rates to 0.50 percent” or “The Federal Reserve raises interest rates to 3.0 percent”. All t...

The Role of the Federal Reserve: What is the Fed?

Have You Ever? Have you ever thought to yourself, “Where does money come from?”, “Who produces it?”, and most importantly, “Who the heck controls it?” These are questions that mos...

Supply and Demand: I Want It, I Got It

Have You Ever? Have you ever wondered about how companies decide on prices for their products? Well, if you’ve ever gone into a dollar store or a discount party shop, you have pro...

Tragedy of the Commons: All I Want is Everything

Background Picture this: It’s the 1950s. There are very few regulations in place regarding the hunting of wild animals - it’s a free-for-all. You are a hunter in Kenya, seeking to...