Economy
Fiat Money
This topic came out when I was having lunch at Malaysian restaurant in Hoboken. Since I watched one of the series of Lethal Weapon, I were under impression that all money in the world is backed up by gold. I was completely wrong as it’s exactly the opposite. There is no country in this [...]
The Micro of Macroeconomic
Macroeconomic was brought forwarded from the failure of microeconomics to explain about three main things: Unemployment, Inflation and Aggregate Growth.
While this discipline has been studied for almost a decade and many of economic decisions were made with its knowledge, Macroeconomic is reaching the stage of its irrelevance, just like microeconomics 70 years ago. I’m not [...]
