Different from exchange verification, ATM transactions tend to ask only for one’s ID and phone number — and sometimes only one’s phone number. Besides keeping one’s information more secure by asking for less of it, this lower verification threshold could help further democratize finance, allowing entry for those unable to create an exchange, brokerage, or even bank account.Continue Reading
Macroeconomic theory suggests that without any outside intervention, the macroeconomy will self-adjust and return to its long-run state after short-term shocks. The decision for policymakers thus boils down to a cost-benefit analysis taking into account factors like intertemporality and risk tolerance — they can either wait and allow the economy to adjust organically, or sink resources into actively trying to stabilize the economy, taking on the risk of further destabilizing it.Continue Reading
The history of using AI in Economic Research is a modern but exponentially-improving field.Continue Reading
Summer 2022 saw another new app come onto the mainstream social media scene: BeReal. Over this summer, the download count on the app store for BeReal jumped from 7.67 million in April of this year to over 53 million by the beginning of October. People were eager to share their exciting, depressing, and mundane summer moments in real-time, and this app offered just the method to do so.Continue Reading
As the world reels from OPEC’s announcement of an unprecedented petroleum production cut, let’s take a few moments to examine OPEC and its role, as well as how America can protect its national and consumer interests by reducing its dependence on foreign fuel sources.Continue Reading
Ethereum’s Merge is late at best and irrelevant at worst. The blockchain space is rapidly changing, and Ethereum is not keeping pace.Continue Reading
Alongside decreased energy costs, the Ethereum network had several incentives to execute the Merge. One is the introduction of new validators. In the old proof of work system, miners were using natural resources to convert energy into crypto; in proof of stake, prospective validators can use financial resources to produce these securities. Continue Reading
Artificial Intelligence (AI) is evolving the healthcare industry, from implementing virtual primary care to manufacturing life-saving drugs faster and safer. With AI’s taking the lead, the healthcare industry is entering an era of transformation.Continue Reading
A degree from a vocational school also translated to a high chance of getting a stable job in a factory that provided several benefits and services, such as cash transfers, free food, and free housing. However, unsustainably good working conditions in factories didn’t last long because of efficiency issues within state-owned enterprises; eventually, the wave of privatization in the 1990s ultimately led to the mass closure of state-owned factories and consequently closed many job opportunities for vocational school graduates.Continue Reading
Poor financial decisions are one of the leading causes of lost generational wealth, making trust funds an especially helpful tool for those looking to preserve their assets… The control they provide and their wide range of uses make trust funds far more versatile than alternative estate planning tools.Continue Reading