What is a bank run and what can cause it?
When the conviction of a bank’s insolvency spreads among its customers, there is a bank run and a massive withdrawal of money from the bank.
Trickle-Down Theory – Economic Theory or Political Straw Man?
▪ Trickle-down theory
Trickle-down theory, or trickle-down economics, is a term for the idea that when more money is given to the rich or less is taken from […]
Can there be not enough money? Can the amount of money be constant?
Can there be not enough money, to prevent it to… be money at all? Can the amount of money be constant? How would non-inflationary money function?
▪ Can […]
🇨🇭 🇱🇺 2 Richest Countries in the World (per capita) | Switzerland & Luxembourg
Which counties have the highest GDP per capita in the world? What are the causes of this wealth?
▪ Introduction
GDP per capita is commonly used as a […]
🧘 Nirvana Fallacy | Is “better” an enemy of the “good”?
What is the nirvana fallacy? What the nirvana fallacy has to do with economics? Is “better” an enemy of the “good”?
▪ Introduction – what is the nirvana […]
🧟 Are we facing a zombie apocalypse? Zombie firms
What are Zombie Companies? Why would anyone finance them? Are the Zombie Firms harmful for the economy?
▪ The problem of zombie firms
We touched upon the subject […]
⛓️ Middle Income Trap | Caught in a trap?
What is the middle income trap and what is it about? What is responsible for the phenomena referred to as this? In which countries has this phenomenon been […]
💥 The Myth of “The Blessings of War”
We’re discussing the myth of the benefits of war, which goes something like this: “Doesn’t war, death and destruction have positive consequences for the economy? Just look at […]
Who Is Under The Resource Curse? | 2 Causes of Curse
What is the resource curse? What are the causes of the resource curse? What are the consequences? What is dutch disease? Other names: the rent curse, the paradox […]
3 Poorest Counties in the World | Causes of Poverty
What are 3 poorest countries in the world? What causes poverty? What happens with the help for them?
🇸🇴 Somalia
One of the poorest countries in the […]