For most experts, deflation is bad news since it generates expectations for a continued decline in prices, leading consumers to postpone the purchases of present goods, since they expect to purchase them at lower prices in the future. Consequently, this weakens the overall flow of current spending and this, in turn, weakens the economy. Economic activity, believe the experts, is a circular flow of money. Spending by one individual becomes the earnings of another individual, and spending by another individual becomes a part of the previous individual’s earnings.

The hot topic in British politics is whether it is appropriate for transgender-identified males to go into women’s only spaces such as toilets, changing rooms, and prisons. With J.K. Rowling as their figurehead, there has been a rise of women voicing their concerns about their safety and comfort if biological males enter spaces intended for biological females.

Inequality and social mobility are hotly debated issues. One important indicator of social mobility are wealth-to-income ratios. If a country’s wealth-to-income ratio is high, the country is not necessarily wealthy. It merely implies that the monetary value of all assets in that country is relatively high compared to the incomes earned. The higher the wealth-to-income ratio, the harder it gets to climb the social ladder, if one starts from the bottom. It takes more years of work and income to reach any given position in the wealth distribution of society.

The most recent macroeconomic figures show that the Chinese slowdown is much more severe than expected and not only attributable to the covid-19 lockdowns.

Countries are in an economic arms race to surpass competitors by accelerating levels of human capital. It is crucial that schools and universities not only graduate students with relevant certificates but also people with the appropriate skills to make a useful contribution to the knowledge economy. The failure of employees to maximize value by applying their skills will result in businesses becoming saddled with liabilities because an inefficient employee is an expense.

Libertarians, liberty-wing Republicans, and other opponents of nondefensive wars are popularly misconceived as having an “every man for himself” approach to both economics and foreign policy. Of course, this is patently false in both cases, but this piece will focus on clarifying the latter.