About three years ago, the world started referring to Portugal, Italy, Ireland, Greece and Spain as the PIIGS. These four countries had such terrible debt […]Read more ›
Post Tagged with: "Wall Street"
Economists often discuss the marginal utility of goods and services. For instance, your second donut is less satisfying than the first and by the fifth donut the value of one additional donut is slim. With each passing donut the marginal value of another donut is small. The question we now pose is does monetary policy and by extension all central bankingRead more ›