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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

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Despite the political backlash and uncertainty for the macroeconomy brought upon by their plan, the Biden Administration remains steadfast in its argument that it is a vital step for Americans in the ultimate goal of solving the student debt crisis. Moreover, they believe it to be an efficient and sustainable solution — they maintain that because of the high default rates for student loans, the actual cost of the debt forgiveness plan will be lower than the theoretical expectation; however, the specifics of that value have proven to be difficult to calculate. Continue Reading

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Downward trends in enrollment have had a ripple effect at institutions across the country. As decreases in enrollment continue, schools are feeling pressure to keep tuition affordable. Although inflation has pushed up the prices of most goods and services, the necessity for more students has incentivized institutions to keep tuition prices relatively low. Continue Reading

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A plethora of problems stemming from the COVID-19 pandemic have surfaced in America, leading the country towards an economic decline. These problems—including stagnating wages and a downward spiral in the production of goods—span across the board, affecting several sectors of the American economy. Together, they converge into the perfect storm, plaguing America with economic issues reminiscent of those of the 1970s. Continue Reading

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Flight delays and cancellations are plaguing the air travel industry at an alarming rate—and no one is doing anything about it. So today, let’s pull back the curtain on the airlines in disarray and discover why we are in our current predicament and what we must do to fly above the fray.Continue Reading

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Globalization is not new. People have traded goods across oceans and continents since the Silk Road. But this 2,000 year legacy may now be in jeopardy as an increasing number of experts warn that globalization, as we know it, may be coming to an end.Continue Reading

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Turkey should be a country with a strongly developing economy. However, the recent Turkish lira crisis indicates the opposite. This article will explore some of the contributing factors behind the lira’s sudden depreciation and the possible effects of the crisis on Erdoğan’s Turkey.Continue Reading