Magnificentme's blog

Every now and then I come across a blog, a blogger, a friend, or a professor that somehow has managed to make it through life without so much as a basic grasp of economics. In my previous posts I have generally jumped straight into economic issues with the assumption that most people have at least a basic understanding of micro and macro-economic concepts.  Read More »

In 1993 the US, under the Clinton administration, negotiated a trade agreement with Mexico and Canada that eliminated tariffs between the three countries. For years the agreement was hailed as a bipartisan success story, proof that two parties can work together to do something good. Now NAFTA is a campaign issue, not because Hillary is touting her association with it.  Read More »

In 1993 the US, under the Clinton administration, negotiated a trade agreement with Mexico and Canada that eliminated tariffs between the three countries. For years the agreement was hailed as a bipartisan success story, proof that two parties can work together to do something good. Now NAFTA is a campaign issue, not because Hillary is touting her association with it.  Read More »

Women’s earnings should be taxed at a lower rate than men’s earnings. No, I’m not being completely sexist and going crazy feminist on you, there is a real economic rational behind my claim.  Read More »

The UN defines poverty as living on less than $1 a day.

Most people at ProgressiveU are aware of the UN Millennium development goals, so they are also aware of the definition of “poverty,” but at the same time it is hard to really understand this definition.  Read More »

Adverse Selection is an economic term that often comes up in association with the health insurance debates. In economics, adverse selection is generally associated with one party having more information than the other.  Read More »

Politicians and the media seem to spend an abnormal amount of time talking about economics theories and principles that they either don’t understand or willfully ignore, because of this I think it is important for people to learn about economics so that they can view all economic debates within the appropriate context.  Read More »

Americans all live fast paced lives, struggling to cram in as much as possible into twenty-four hour days. It is possible that the world might end if one doesn’t manage to fit class, work, studying, a trip to the gym, blogging, and four club meetings into the day. It’s not really, but it feels like it. So things get cut out.  Read More »