Posts in Economics
US and European sanctions may make Russia more self-sufficient

When extensive economic sanctions are used on a country trade relationships are broken off, forcing a country to somehow get the benefits that trade relationships provided in another way. This other way is by switching to domestic production and increasing and improving the efficiency of the country’s domestic industries, leading to a more self-sufficient country.

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How paper straws are changing the world

Plastic straws are being touted as an environmentally friendly alternative to plastic straws. As a result, plastic straws are being banned in various areas of the United States and several other countries. However, while eliminating the use of plastic straws may be good for the environment, it may not be good for small businesses, the disabled, or your pocketbook.

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How long will it take the US to lose the trade war to China?

Before Trump started the trade war with China, there were several clues that showed that America can't win a trade war against China. These clues include the amount of goods the US imports from China and the structure of the Chinese government. If only Trump observed these clues, then he would have seen that this trade war is unsustainable.

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America's debt is out of control, it's time to increase taxes

Instead of cutting taxes, America should be increasing taxes. Right now America is in a phase of the business cycle where the economy is on the rise. Since the economy is on the rise all policies that could increase demand for goods and services should not be considered. Instead, the government should take advantage of being in this phase of the business cycle by increasing taxes.

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A Brief Rundown on Trump's Trade Wars

The US' most infamous trade war is with China. Last week President Trump's administration placed a tariff of 25% on Chinese goods, affecting hundreds of Chinese products worth up to $34 billion. The products include medical devices, industrial machinery, and auto parts. However, the US can't sustain this back forth game of placing tariffs on China simply due to the fact that the US is running out of Chinese goods to tax.

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America's trade deficit decreased by 6.5%, but Trump might increase it again

According to the US Census Bureau, the United States' trade deficit in goods and services decreased by approximately 6.5% from April to May ($46.1 billion to $43.1 billion). However, this growing trend in exports may disappear as President Trump begins to institute more tariffs on foreign countries.

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President Trump Appears to Not Understand Today's Global Economy

If you took a look at Trump's policies and the way he conducts himself then you would never guess that Trump graduated from the University of Pennsylvania with a bachelor degree in economics. For the most part, Trump's enacted policies and proposed policies are bad for the economy.

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Why it’s Better to Dig a Hole than Build a Wall

Although Trump is adamant that building a wall along the US-Mexico border would benefit the US, many political analysts believe that building a large border wall would be an ineffective use of money. I actually think that building a huge border wall would be such a large waste of money that it would be a better idea to just dig a huge meaningless hole in a deserted area in the Midwest.

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Illegal Immigration is Good for the American Economy

Many people may be surprised to learn that unauthorized immigration benefits the US economy. In fact, Economist Gordon H. Hanson, has explained that stopping unauthorized immigration may cause a net drain on the US economy. Unauthorized immigration benefits the US economy by providing employers with low wage labor.

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Brexit’s Economic and Political Impacts on EU

Brexit has been a big part of the news in 2016 and 2017. So far, the main focus has been on how the UK will be affected by its decision to leave the European Union. Will its economy and political environment suffer or see a positive turnaround? The other side of the coin, however, is how will Brexit affect the rest of Europe?

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