Most dangerous phase of US Covid-19 crisis may be yet to come

April marked the most dramatic and, some would say, dangerous phase of the Covid-19 crisis in the US. Deaths were increasing, bodies were piling up in refrigerated trucks outside hospitals in New York City and ventilators and personal protective equipment were in desperately short supply. The economy was falling off the proverbial cliff, with unemployment […]

Continue Reading

In search of a new economics for Covid-19 era

The Guardian has done us all a service with this editorial (The Guardian view on Covid-19 economics: the austerity con of deficit hysteria, 14 July). I am reading Stephanie Kelton’s book and I believe that it may start a revolution in economic policy. Prof Kelton’s concern is not the government financial deficit – the balance […]

Continue Reading

Coronavirus threatens future of eurozone, Brussels warns

The coronavirus pandemic threatens the future of the eurozone by creating huge economic divisions between its 19-member states during what is expected to be the deepest recession since the Great Depression, the European commission has warned. The EU’s economic commissioner, Paolo Gentiloni, said there was an urgent need to mitigate the inevitable exacerbation of existing […]

Continue Reading

Factors of production economics definition

This post about Factors of production economics definition… Money, isn, island Money isn, a-country Money, is-a-land Money, is-a-government. The-line The line The line By-the-line By-Line By-By. Isne the only way of classifying things that we can. Why cant we put something else here. The facto factual basissThis definition is actually useful as there are many […]

Continue Reading

In economics, a service is a transaction in which …

This information about Services definition… You might also do a better job of selling people on things you could do to save money, or a better job of explaining why these things will lead to a bigger return on your investment. You try advertising Your ProductsThe first thing you could do is advertise your product. […]

Continue Reading