Inflation and Deflation – Going Steady

On August 11th, The Organization for Economic Cooperation and Development (OECD), a global organization made up of 34 member countries with democratic governments and market economies, published its report on annual inflation rates for member countries. Globally, inflation remains muted with an annualized rate of 2.3 percent expected for 2017, up from 0.6% in 2016 and 1.1% in 2017. Deflation, ...

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The Other Korea

North Korea has a land mass and population roughly equivalent to New York State and a nominal GDP roughly equivalent to greater Buffalo (i.e. Erie County). Its main exports are 19th-century staples, iron ore and coal. South Korea has a smaller land mass, but twice the population and a GDP roughly equivalent to all of the Empire State. Among its ...

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Hyperinflation Destroying Venezuela

Inflation tearing up Venezuela

We hear words like “inflation” all the time, but what does that word really mean for the people of Venezuela? Venezuela is currently ranked as the worst economy in the world. The country struggles with severe food and medicine shortages, political turmoil, violence, and drug trafficking. As we have argued in several past articles, the crisis in Venezuela is the ...

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How China’s IP Theft Costs the U.S. $5 Trillion

China's IP theft has cost U.S. $5Trillion

Last week, President Donald Trump announced the U.S. would be making a “very big move” by starting an investigation into China’s alleged theft of U.S. intellectual property. U.S. Trade Rep. Robert Lighthizer will be leading an official investigation into China’ trade policies on intellectual property and how it has negatively impacted the U.S. The Trump administration has estimated that the ...

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What is a Bitcoin and Why is it so Lucrative?

Are bitcoins a good investment?

What is Bitcoin? Other than something that sounds like the name a four-year-old would name his private parts, Bitcoin is a digital token that can be sent electronically from one user to another. Bitcoin is both the name of the network and the actual digital tokens. Unlike traditional payment networks like Visa or American Express, no single company or person ...

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Trump Administration Gets Tougher with China Trade Policies

President Donald Trump made it clear over the weekend, that the U.S. is disappointed with China has handled the North Korea problem. Now, the Trump administration is planning to take a stricter stance on U.S. trade laws that impact China. Although China’s lack of action in regards to North Korea and its irresponsible nuclear missile program caused Trump to publicly ...

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