Category Archives: Economics
Scarcity vs. Shortage
How often have you seen store shelves emptied of essential items just before a blizzard or hurricane is expected to hit? Why does that happen? Is it a shortage or a scarcity? Radio America’s Gianna Holiday explains the difference between … Continue reading
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The Broken Window Fallacy
Some economists and politicians believe that a silver lining to natural disasters and other destruction is that rebuilding is a huge boost to the local economy. But is restoring things the best use of money or is building additional value … Continue reading
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Crowding Out and Government Debt
The federal government is sinking deeper and deeper into debt and that means it needs to borrow more and more money. Radio America’s Claire Alfree explains where that money comes from and why individuals and small businesses end up suffering … Continue reading
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Investment in Infrastructure
You probably don’t think about it much, but you benefit from investment in American infrastructure many times every day – from the roads you drive on to the utilities in your home. How is infrastructure defined? What are the different … Continue reading
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Trade Wars
We hear a lot about tariffs and trade policy as the U.S. seeks a more favorable economic relationship with countries like China, Canada, and Mexico. Whether you follow these issues or not, these decisions directly impact you and how much … Continue reading