Author- Harold Sasnowitz
The global stock markets have dropped the last 2 days in response of fears about the spread of the coronavirus. As the reports of deaths due to the coronavirus expand beyond China, health officials in most countries, including the US, are developing containment and treatment plans. Pharmaceutical companies around the globe are developing coronavirus drugs and vaccines.
Basic Medicare, while a good benefit available to many Americans over age 65, is not a complete medical insurance solution. There are “gaps” in the coverage. To fill these, there are some standardized (by Medicare) policies available from insurers. These ten standardized policies are Plans (called Plans A, B, C, D, F, G, K, L, M, and N), each having a different lev
There’s an old story about a king who, while indebted to a sorcerer, is given the choice of paying cash in 30,000 talents of silver to the sorcerer, or paying the sorcerer one talent on day one, and doubling the payment each day. This payment would continue for each square on a checkerboard (64 squares).
This past weekend’s news channels were consumed with President Trump, Robert Mueller, and the report summary of the Russia collusion investigation. If you were paying attention to the economic news before this took over the media, you likely heard the alarmist headlines on Friday about the inverted yield curve, which (you probably also read) inevitably signals an upcoming economic r
Economics entered its modern sense in the nineteenth century, but economic thought certainly started long before that. However, economists almost always started from the assumption that people would do what was in their own best interest. In the last 20 or 30 years, some economists started to question this assumption. From this was born the subject of behavioral economics, als