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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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Graphics by Rose Lee The BRB Bottomline: [insert a one or two sentence hook that sums up the spirit of the article and offers actionable value to the reader, e.g. Learn how to take of your metaphorical dog: Credit. What are the differences between credit scores and credit reports, andContinue Reading

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The antagonistic relationship between the two nations began back in 1910 when Japan colonized South Korea. Japanese oppression pushed Korean men into forced labor, required every Korean to rename themselves in Japanese, and punished Koreans for speaking Korean. During WWII, Japanese occupation grew worse when Japan objectified Korean women as their “comfort women”—a translation of the Japanese ianfu, euphemistic for “prostitute”—under the name of soldier motivation. Innocent teenagers were taken away from their homes and raped by Japanese soldiers. Continue Reading