Very long term federal debt that has no date for redemption like UK First World War bonds and U.S. Revolutionary War debt depend on good public credit.
We should cancel daylight saving time because studies show that the opportunity cost of energy use has changed since Ben Franklin suggested "early to rise."
As a technological innovation, air conditioning led to a ripple of positive externalities. Affecting how we live and work, it had private and social return.
This week's everyday economics stories involved quantitative easing, monetary and fiscal policy, supply and demand, ROI, GDP, unemployment and inflation.
When the Federal Reserve's three basic monetary policy tools did not work, it created quantitative easing to up economic growth and decrease unemployment.
While Ebola fear caused raw cocoa futures prices to rise in September, its long term rise has been because of more demand from developing nations.
China might not fuel world economic growth if instead of a 7 percent real GDP growth rate forecast, we use a regression to the mean of 3.9 percent.
Central planning through large firms could not replace the consistency and environmental benefits of a zabaleen system for trash removal In Cairo, Egypt.
Because host countries for the Olympics and World Cup spend too much on new stadiums, their subsequent return on investment (ROI) is usually inadequate.