Fixing American Healthcare Research Paper: A True Free Market Approach

For the last few months, Republicans have had trouble coming up with a replacement plan for Obamacare. The main problem with the Republicans’ proposal is that it only partially repeals Obamacare. The other problem is that US healthcare has seen rising costs since the late 1960s, so meaningful reform has to go past repealing Obamacare….

America’s Student Debt Crisis

Background: Since 1982 college tuition prices have risen by 500%, which is much faster than inflation and as a result middle class families are suffering as they struggle to send their children to university. As a result, the estimated student debt in the U.S has reached $1.3 trillion, with student debt default rates at over…

The Great Recession of 2020

Since 2008 the Federal Reserve has carried out almost $5 trillion of QE. The effect was not particularly pleasing. Global growth and growth in the US is still lower than in the 1990s and 2000s. We have a situation where the real interest rates on bonds and savings are negative. There is now $10 trillion…

A Gold Standard Economy Could Work

The gold standard is where the supply of money is not controlled by a central bank- but rather the supply of gold, which is largely influenced by market forces. In order to increase the supply of money, the supply of gold that is mined must increase- it cannot be done by QE or printing money…

Rebuilding America’s Middle Class:

Between the 1940s and 1970s the U.S had seen the biggest expansion in the ‘middle class’ in its history. The benefits of having a strong middle class are essential to a growing consumerist economy. Consumer spending is around 66% of U.S GDP, and the advantage of a strong middle class is that households have fairly…

Asian Miracle vs. African Sluggishness

Africa is the world’s poorest region followed by Asia (low GDP/capita due to large population), and then Latin America. Currently 60% of the world’s extreme poor (people living on less than $1/day) lives in Africa, despite accounting for only 16% of the world population. To make matters worse Asia and for the most part Latin…

Can the US Default on Debt?

The first factor to assess is the significance of debt crises to explain whether major countries will head towards a downfall as a result of too much debt. One example of a major player in the world economy is the United States of America. The United States has a national debt $19 trillion, with the…

Debunking Left Wing Myths

    Thing 1: Minimum Wage Should Not Be Increased According to Productivity Growth of the Economy. Thing 2: the minimum wage is not a big stimulus to economy, nor does it improve the lives of the poor.  What They Tell You: In the United States the federal minimum wage is $7.25/hour, but had we…

The $1.5 Trillion Joke

The war on drugs in the U.S started in 1986, and since then an average of $50 billion has been spent on law enforcement, not to mention the billions of dollars lost in revenue every year as a result of black markets, which thus results in no tax revenue from drug users. This article therefore makes…

The First Rung of the Ladder:

This article will examine the key measures to improve the African economy and lead it to prosperity in the future. The solutions that I have put forward are original as well as recognised by the IMF and World Bank. Summary of African Economy: The African economy is roughly $3.7 trillion (PPP), and has a GDP/capita…

Will India Be The Next Superpower?

India has officially been declared the fastest growing economy in the world as a result of China’s slowdown. Will China’s slowdown be permanent and will India be the best and biggest economy over the long run, or is this simply temporary? An economic super power is a country, which not only achieves high rates of…