The date for the next government shutdown is set. April 29th, 2017. Maybe. As if this isn't dramatic enough, this date happens to lie up to be the 100th day of the Presidency of one Donald Trump. If you want the history of this "first 100 days" thing, you can find more information here. There you'll… Continue reading The Next Government Shutdown(?)
I really, really wish this wasn't necessary. If you have ever argued on social media, somebody has told you that correlation does not imply causation. Yet it seems like people think it only applies to the other side of a debate and never their side. So I'm going to give you examples on why a simple correlation… Continue reading Correlation versus Causation
Today I want to cover what are called measures of central tendency. The measure used most often is average. In my hobbyist opinion, average is abused and misused too often, leading to a misunderstanding of what it really means. Averages Average is one of the worst facts you can offer to somebody. The feeling I… Continue reading Measures of Central Tendency (Or Why You Shouldn’t Trust Averages)
The following lecture was presented in 1993 by a conservative economist. It offers a fantastic introduction and if you only have 7 minutes, watch the first 7 minutes! https://www.youtube.com/watch?v=Wh-qTnq-cwM
For those of you who don't know, I've been watching HBO's Game of Thrones lately. I watched up to Season 4 Episode 2 when it released and have now re-watched (as of writing) into season 5. Personally, I don't mind spoilers. But I know many of you do. So I will let you know which links have… Continue reading The Nash Watch and an Introduction to Game Theory
We're back to our regularly scheduled programming regarding millennials. Except I'm deviating from economics this time into something far more important: voting. 50% turnout is good, but nowhere near where we need it.
Introduction First off, one of the latest news story was centering around Donald Trump's executive order to bar citizens of certain Muslim countries from legally entering the country, even if they have already been given approval. Let me be clear: this is not a "strong border" issue. This is not a safety thing. Thanks in no… Continue reading Beginner’s Economics of Immigration
The President is floating an idea of a 20% tariff. This is one of the few topics that a vast majority of economists can agree on: this is a bad idea. It's an attempt to get Mexico to pay for the wall but will more likely lead to a trade war. Governments and businesses are more likely to benefit from a trade war than consumers. Protectionism in today's increasingly global economy is not a good idea.
This post ties income and education together. We'll learn that education for my generation is becoming more expensive in terms of cost and time. The cause is hard to find, but this issue will impact us for decades to go.
I don't know about you but I've seen my fair share of articles talking about how millennials are broke young adults. Ultimately, the thing that drives capitalist economies is the question, "What's in it for me?" Time is money and we often sacrifice one for the other. Here, I do a very shallow initial dive into a very complex issue.