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 […]
⛓️ 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 […]
? How can you build a civilization? | Time preference
What is time preference? What is high and low time preference? Why save and invest? What are the conditions necessary for the investment to be possible? How can […]
Why do we need accounting?
Why do we need accounting? Some might think, that accounting is only a boring and unnecessary redundancy and that it exists only due to regulations and […]
Skyscrapers | heralds of prosperity or crises?
The concept of “capitalism” evokes a number of associations. In popular culture, the symbols of capitalism are often banknotes, trademarks of well-known global companies, the dollar […]
Price controls
In the previous episode we talked about prohibition. Although we started with the example of an autistic intervention in the form of a ban on possessing […]
How to Buy Gold and Silver | Practical Guide
What are the purposes of buying gold and silver?
First of all, to keep purchasing power in the […]
? What’s the difference between invention and innovation?
Have you ever heard about the dispute of two Steves who created an apple? Of course, it is about the […]
Types of intervention and the effects of prohibition
Today, let’s discuss the types of market intervention and, using an example, the effects of one of its types.
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