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Category: Economy

  • Economics: Tariffs

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    Josh
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    Tariffs, a form of tax levied on imported goods, are frequently employed by governments with the intention of shielding domestic industries from foreign competition. By increasing the cost of imported products, tariffs aim to give local producers a competitive edge, allowing them to capture a larger share of the market and, theoretically, preserve jobs and…

  • Bitcoin: Satoshi candidates, and why they aren’t

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    Josh
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    The advent of Bitcoin in 2009 marked a paradigm shift in the realm of digital finance, introducing a decentralized cryptocurrency that operates without the need for traditional financial intermediaries. Conceived by an enigmatic figure known only as Satoshi Nakamoto, Bitcoin has not only revolutionized how we perceive and interact with money but has also spawned…

  • Science: Health Economics of Medical Imaging

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    Josh
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    Introduction: The Evolving Landscape of Medical Imaging and Health Economics Health economics, as an applied field of study, provides a systematic and rigorous framework for examining the challenges inherent in promoting health for all . It applies economic theories related to consumer, producer, and social choices to understand the behavior of individuals, healthcare providers, organizations,…

  • USA: In Saine’s money case

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    Josh
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    (inspired from https://reason.com/2025/01/31/the-government-says-money-isnt-property-so-it-can-take-yours/) In the particular case involving Chuck Saine—a small business owner at the center of a dispute over asset forfeiture—the government advanced an argument encapsulated in a technical footnote: that “money is not necessarily ‘property’ for constitutional purposes.” The rationale behind this assertion is rooted in the idea that money is a creation…

  • USA: The Trade Deficit

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    The U.S. Trade Deficit: A 2024 Analysis Trade has long been a defining characteristic of the U.S. economy, shaping domestic industries, employment patterns, and international relations. The U.S. trade deficit, often debated in economic and political circles, reflects the difference between what the country exports and imports. In 2024, this trade deficit remained significant, driven…

  • USA: EU Tariffs?

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    The recent announcement by President Trump regarding tariffs on the European Union marks not merely a shift in trade policy, but a pivotal moment with far-reaching economic, political, and social ramifications. This development, framed under the “America First” doctrine, is set to reshape global trade dynamics and create a cascade of consequences that extend well…

  • Crypto: Ethereum critique

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    Introduction Ethereum is a decentralized, open-source blockchain platform that extends the capabilities of blockchain technology beyond what was originally conceived with Bitcoin. Introduced in 2015 by a team led by Vitalik Buterin, Ethereum was designed to serve as more than just a digital currency. While Bitcoin focuses primarily on being a decentralized currency and store…

  • Econ: UBI and AI

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    The rapid development of artificial intelligence (AI) and the introduction of Universal Basic Income (UBI) will fundamentally alter the landscape of economies across the globe. This transformation presents both immense opportunities and significant challenges. As AI automates labor and reshapes industries, UBI offers a potential solution to address issues like job displacement, inequality, and economic…

  • Econ: What is econometrics?

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    Josh
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    Econometrics is a vital field within economics that applies statistical and mathematical tools to analyze economic data, aiming to test hypotheses, estimate relationships, and make forecasts. At its core, econometrics seeks to transform theoretical economic concepts into quantitative models that can be tested against real-world data. One of its primary objectives is to establish causal…

  • Bitcoin: The Fake Satoshi

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    Craig Wright, an Australian, sparked widespread controversy when he publicly claimed to be Satoshi Nakamoto, the pseudonymous creator of Bitcoin. Despite his assertions, Wright failed to provide any irrefutable proof of his identity as Nakamoto, which led to skepticism within the cryptocurrency community and beyond. Wright’s repeated attempts to prove he was Bitcoin’s creator involved…