This satellite picture shows how San Juan, Puerto Rico used to sparkle at night: But since Hurricane Maria, no more: Currently, 10% of the island has power. So there is little running water and few flushing toilets. Similarly, air conditioning…
What an Egg Says About the Cuban Economy
Starting with an economist’s visit, we can look at eggs, healthcare, literacy and the GDP to debate Fidel Castro’s impact on the Cuban economy.
What an Egg Says About the Cuban Economy
Starting with an economist’s visit, we can look at eggs, healthcare, literacy and the GDP to debate Fidel Castro’s impact on the Cuban economy.
The Cost of Free Electricity
Government subsidies can have unintended consequences because of the incentive to use more of a good or a service than the market has allocated.
When to Worry About Sovereign Debt
Comparing debt to GDP is like looking at a mortgage loan and household net worth. It can help us decide when a sovereign debt became too large.
