Economy Policy

Intro to Modern Monetary Theory

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In the mid-to-late 20th century, economists predicted that nascent economic theories would mean the death of major recessions and depressions. Governments could preemptively adjust their fiscal and monetary policy to soften or largely prevent the effects of the business cycle, which before was so capricious and severe.  This prediction has proven false. Decade after decade, […]

stimulus checks
Economy Markets Policy Silicon Valley Stocks Tech

Week of 10/5/2020 Recap

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1. Stocks Firing On All Cylinders U.S. equities have continued to rise amidst talk of a $1.8 trillion stimulus package endorsed by President Trump. However, opposing takes from both Democrats and Senate Republicans threaten to derail the package. The S&P 500 closed at $3,477.13, approaching its all-time high at $3,588.11. The Dow Jones and NASDAQ […]

Economy International Policy

Game Theory and the US-China Trade War

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The US/China trade war has quickly escalated as a result of new tariffs and the threat of increasing existing ones. Both countries continuously retaliate against each other for what they believe to be unfair trade practices. The trade war has had an impact on all countries involved, triggering inflation and reducing international trade by 65%. […]