There’s a lot of hand-wringing in Argentina regarding anti-Keynesian candidate Javier Milei’s expressed promise to dollarize the economy if he’s elected president. After a century of centralized industrial planning and oversized welfare programs, along with insane levels of money printing to pay for it all, Argentina went from one of the wealthiest nations on earth […]
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In the first couple weeks of any survey course in the principles of economics, students are taught that prices are determined by the interactions of consumers (demand) and producers (supply). Prices for many things, such as oil, or of common stocks, constantly change with the frequent shifts in the willingness of consumers and producers to […]
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A modified version of this piece appears today in the Washington Examiner Georgetown University, like many colleges and universities hit by the current economic downturn, is in what look like dismal financial straits. The value of Georgetown’s endowment shrank 25.5 percent last year, to $833 million, the annual deficit it has been running is estimated […]
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An article in Governing explores the increasing centrality of Universities and medical centers to regional economic health. It notes a 1999 Brookings Institute study that found multiple cities in which more than half of the jobs among the top 10 private sector employees were provided by universities or hospitals. Baltimore, for one: One of the […]
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