How to Escape Scientific Stagnation Scientific stagnation occurs when a researcher or students stays in their comfort zone, rather than pushing their knowledge boundaries and trying new techniques. Feeling stuck in a rut or hitting a wall in terms of achievements or achieving goals is often the result of maintaining...
What Is Fiat Currency? Definition Plus How Fiat Money Works Fiat currency is money that is not backed by a physical commodity, but rather by the government that issued it. The term comes from the Latin phrase "let it be done," which is where the government's power to declare a...
 Small-Cap Stocks Small-cap stocks have been a popular investment option for investors looking to improve their portfolios. Small-cap stocks, sometimes referred to as micro-cap stocks or penny stocks, are companies with a market capitalization of less than $2 billion. These companies are typically young, small and unprofitable. Small-cap stocks represent...
China's Ultra-Fast Economic Recovery from Coronavirus The COVID-19 pandemic hit the global economy hard and, in the first instance, China was no exception. The nation was the epicenter of the outbreak and faced the daunting task of overcoming and recovering from the virus. However, China achieved the remarkable feat of...
 Alan Greenspan's Socialist View of Monetary Growth and Globalization Alan Greenspan, the colorful former Fed chairman, has been a driving force in economic policy and globalization. He has been lauded for his leadership and praised for his economic prescriptions. While his views on monetary policy and globalization have evolved over...
What Is Neoclassical Economics? Neoclassical economics is a school of thought in economics that views economics as a study of people's decisions based on scarcity and how they allocate resources to meet their needs and wants. It postulates that rational people make rational decisions and that economic markets are self-regulating....
It is absolutely safe to say that Thomas Sowell is one of the most influential economists of our time. This 86-year-old man started his career as a domestic worker and a janitor after his mother passed away, yet today he is one of the foremost public intellectuals of our...
The global economy has been shaped by a variety of forces over the centuries. From imperialism and colonialism to technological advances and the ever-increasing interconnectedness of nations, the world has experienced a rapid evolution in its economic structures. One of the most influential of these forces is the history...
Trump’s Tax Red Flags: What to Watch Out For Tax season is upon us and as usual, it has some of us feeling a little more anxious than usual. While we’re all well aware of the current president’s shady financial history, what are some of the red flags that could...
Time for the Fed to Declare Victory on Inflation? As the Federal Reserve wraps up its August meeting, questions remain as to the central bank’s current strategy to combat inflation. Since the start of the global recession in 2008, the Fed has taken unprecedented steps to boost the economy and...