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Oct 26, 2022

People spend a lot of time talking about the debt and deficit, but most are unaware of the mechanics involved. This week, we cover some of those mechanics with a discussion of Treasury notes, bills, and bonds.

 

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Oct 19, 2022

This month, the world takes stock of international poverty, and James and Ant put poverty into perspective both across countries and across time.

 

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Oct 12, 2022

All of economics boils down to a single fact: people respond to incentives. The first step to thinking like an economist is to take that fact seriously. Once you do, the world never looks the same.

 

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Oct 5, 2022

People - including some economists - are so used to governments establishing currencies that we are unaware that there are alternatives. Money is simply a tool that reduces the frictional costs of trading goods and services and of saving. Markets can evolve money in the same way that they evolve all manner of other...