Written by Josh Ravichandran The price of gasoline within the United States has hit a record high with the average price of gasoline reaching $4.173 a gallon according to AAA. U.S. crude oil futures reached a price of $119.40–a 59% increase from the start of this year. In addition, US oil refineries have limited production…
Month: April 2022
The Future Costs of Declining College Enrollment Rates
Written by Malak Kalasho From individual higher earning potential and better job security to overall higher levels of economic growth and social development, the benefits of higher education are endless for both individual college graduates and society at large. For decades, the U.S. economy and American society have benefited from increased levels of educational attainment;…
The Deadweight Loss of College General Education Requirements
Written By Nicolas Costa The vast majority of college students are familiar with general education requirements. Most colleges require students to take a particular selection of classes across several disciplines, regardless of their major. At the University of Michigan, the College of Literature, Sciences, and the Arts (LSA) requires students to take many classes in…
The Case for NGDP Targeting
Written By Ethan Messeri In 2008, the U.S. economy faced its biggest challenge since the great depression. The recession wiped out years of growth gains in employment (BLS, 2018, cbpp, 2019 ). While the stimulus packages saved the U.S. From some of the worst case scenarios, it took more than half a decade for the…
The Minneapolis Teachers’ Strike Sparks a Conversation about Teacher Shortages across the Nation
Written By Jimmy Hefter Economics, politics, and unions are intimately intertwined within the American education system. Despite this, education is an intrinsic good that we should hold dear and take seriously at all levels of schooling, and this good is challenged by a recent teacher shortage. Our country’s future depends on the education of the…
Is Gacha Gaming a Profitable strategy?
Written by Jacob Amspaugh If you were like me a few years ago, you had probably never heard the term gacha game. A gacha game is one where you spend a certain amount of in-game currency to obtain a rare item featured on a banner. That item may be a special skin, a new weapon,…
Global Airline Industry and the Politics of Oil: The Russian Invasion of Ukraine
Written by Hasan Zengin Before February 24, when Russia unexpectedly started its invasion of Ukraine, very few thought that a full-scale war between two large countries could be waged in the year 2021. This expectation was strengthened not only by the fact that the many international organizations and treaties guarantee international order and sovereignty, but…
Re-thinking Debt and the Origins of Economies
Written by Oscar Soberg When David Graeber’s book Debt: The First 5,000 Years hit the bookshelves in 2011, it was met with equally poignant praise and criticism. Passionate debates and lively discussions sprouted from its unapologetically sharp critique of modern economics, its impressively expansive review of human history, and its controversial suggestions about our current…
In Defense of Rationality
Written by Amer Goel “I’m scared of flying. Maybe I’ll become a pilot,” said no one. If they truly were scared of flying, they wouldn’t want to make it their profession. It wouldn’t be in their best interest because it goes against what makes them happy. No one has said this because no one is…
Greenwashing Won’t Put You In The Green: How Sustainable Practices Drive Profits
Written by Daniel Rosenkranz With the drastic effects of climate change looming in the future, sustainability is on the forefront of everyone’s minds. Consumers are putting pressure on business and corporations to transition to sustainable practices. This can lead to positive change, but can also lead to negative habits. When a business falsely advertises themselves…