A short read at your local newspaper stand and you’ll find that the world economy isn’t doing very well… From negative readings of economic indicators to political conflicts, it seems like the good days are gone. Stock markets around the world are doing badly, and so are the commodities market and the different sectors as…
Familiar to many, the negative income tax was formerly developed by British politician Juliet Rhys-Williams in the 1940s and later by Monetarist Milton Friedman. The NIT acts like the regular tax system but instead of taxing lesser on people below the stipulated threshold, it supplements them with an additional income determined by the NIT. Take…
On the 22nd of January 2015, the European Central Bank (ECB) launched a massive government bond-buying program which will inject hundreds of billions in new money into the euro zone economy. The ECB said that the purchasing of sovereign debt will last about a year and a half from March onwards, till the end of…
Many countries around the world avoided free market capitalism due to many reasons one of which is that it leads to wealth inequality. Is it really that case? Well, the truth is, where there is wealth, there is inequality. Inequality is a real problem and it cannot be eliminated. A society that puts equality before…
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