Free Education!

By | 2017-07-17T12:21:22+00:00 April 17th, 2017|Global Market Update|

Should college be free? Photo: Kelly Martin. Source: Wikipedia There is a move, politically, to make college less expensive. And with tuition and fees at private institutions running $60-70 thousand per year, it’s understandable why people get concerned: most of us don’t have half a million dollars just lying around to pay for our kids’ college. Moreover, tuitions that high make the idea of “working your way through school” seem ridiculous. Twenty hours per week at a work-study job pays for less than 20% [...]

The Great Wall of Debt

By | 2017-07-17T12:21:37+00:00 November 8th, 2016|Global Market Update|

What effect does China’s debt have on its economy? Photo: Severin Stadler. Source: Wikipedia The Great Wall of China was built over the course of several centuries to protect the Chinese Empire from invasion by mostly northern nomadic tribes. It stretches about 1,500 miles, although with all the extensions and branches, there are over 20,000 miles of fortifications. In the short run, the Great Wall served to discourage raiders and helped rulers manage trade. In the long run, however, it became economically unsustainable—absorbing labor [...]