The Nash Watch and an Introduction to Game Theory

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

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Beginner’s Economics of Immigration

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 20% “Tariff”

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.