The Russian money frozen in the US, Europe, Japan .... was real before this action took place. This action actually revealed a frightening reality - money does not exist. There exist an "agreement" to consider some electronic records or pieces of paper as payment mean. This agreement is supported by power - the power or crude force. This power can print any amount of "money" dissolving the essence of this term. We are moving back to the physical exchange of goods and services. Dollars will be lost in time ...
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Giffen tarrifs - "Nobel Prize" goes to Trump
There is a famous economic chimera - Giffern goods. This term means that the increase in price leads to increasing demand for this goods. T...
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These are two biggest parts of the Former Soviet Union. To characterize them from the economic point of view we borrow data from the Tot...
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These days sanctions and retaliation is a hot topic. The first round is over and we will likely observe escalation well supported by po...
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This paper "Gender income disparity in the USA: analysis and dynamic modelling" is also of interest Abstract We analyze and deve...
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