The expense and complexities of switching to the metric system have prevented the change, and have affected how standard weights and measures help globalization.
Following the law of supply, U.S. shale oil firms will lower output because OPEC is letting price plummet but airlines on demand side like lower prices.
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.
Whether looking at the supply chain for a pencil or an iPhone 6, we see globalization because price system incentives create cooperation.
Led by Chinese economic growth and other emerging markets, the center of economic gravity is moving eastward from the developed world to Asia.
In refrigerators in developing nations, we can see the impact of affluence on their diet and on supply and demand that will change worldwide food prices.
The 2014 Social Security Trustees Report says that after we deplete the remains of the program's trust funds in 2033, payroll taxes will not provide all promised benefits.
With Argentina again defaulting on her sovereign debt, she is violating the sanctity of contracts and lessened her borrowing ability at home and globally.
With more austerity resistance to government spending cutbacks, Greece could again be heading for a sovereign debt default and a bailout.












