Biotechnology Won Big On Election Night Here’s Why
Hillary Clinton and Democrats promised to wage war on pharmaceutical companies and do things like price controls on drugs and products of the biotechnology industry.
In California, there was a
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Economic equilibrium
Microeconomics of the Monopoly
Donald Trump said he would block the AT&T and Time Warner merger if he becomes president, arguing that such media combinations leave too much power concentrated among too few companies.
What Further Evidence the Fed Needs To Hike In December 2016
The Federal Reserve held short-term interest rates steady as traders expected. In the Fed's postmeeting policy statement, it said it only needed "some further evidence" of economic progress before moving
Microeconomics and Taxation
Most government revenue comes from the taxation of transactions and labor. Taxes impact both the supply and demand curves. Taxes cause a buyer to pay more for something and suppliers
Illegal Immigration and Job Wage Stagnation In the US
Illegal immigration negatively impacts the hourly wage of US citizens. Illegal immigrants are pouring across the Mexico border, and we have no way of counting them but what we can
Macroeconomics of the OPEC Cartel
All the recent talk of an OPEC deal to push up the price of oil is nonsense. Here is a hypothetical supply and demand chart of oil.
In this hypothetical