Kristin Tokarev is a student at Northwood University’s DeVos Graduate School, and serves as a research scholar at the McNair Center for the Advancement of Free Enterprise and Entrepreneurship.
Less than seven weeks before the elections, the Federal Reserve decided to cut the interest rates aggressively – by 50 basis points. But inflation is still above its target. And the Fed has yet to receive distress signals from the labor, housing, or stock markets. So, what does that mean for you? The candidates? The...
The two most important lessons one can learn in economics are: “There’s no such thing as a free lunch” and “Incentives matter.” In a world of scarcity, every choice we make has an opportunity cost. As rational beings, every one of us is trying to achieve the best outcomes under the current constraints. Frederic Bastiat...