Factories puffing out smoke with powerlines overhead

The Cost of Climate Change

We are frequently subjected to news detailing the awful consequences of climate change if we don’t prevent it, from cities flooded by melting ice to animal species becoming extinct. Yet it is very rare to see anything about how much flooded cities would damage the economy, and it is even rarer to hear about how much climate change is costing us already. Aside from the … Continue reading The Cost of Climate Change

NFL badge in front of American footballs stacked on a shelf

The Economics of the NFL

For the American people, football’s social importance is on a par with religion. Football is so integrated into America’s quotidian that it’s not uncommon to find a town’s entire population either supporting the Friday night High School Football game on the television screens at a bar, or in the stadium bleachers. At the highest level, the National Football League dominates Sundays, as well as Monday … Continue reading The Economics of the NFL

Full football stadium at night

If the cap fits, should we wear it?

With wage bills in the English Premier League beginning to spiral out of control, there has been lots of talk as to whether a team-based salary cap should be implemented to regulate the inflation. This discussion was prompted by the revelation that teams such as Crystal Palace and AFC Bournemouth are spending 78% and 76% of their annual revenues respectively on their wage bills in … Continue reading If the cap fits, should we wear it?

Badge of USA federal reserve

Modern Monetary Theory: Miracle Solution or Recipe for Disaster

Modern Monetary Theory, or MMT, is a growing macroeconomic theory amongst members of the Democratic Party in the USA, such as Bernie Sanders and Alexandria Ocasio-Cortez. As MMT begins to rear its head in other nation’s political discussion, it is important to understand whether it is truly a miracle solution or an ideological fantasy.   Despite the name, MMT rejects the common consensus that interest rates should … Continue reading Modern Monetary Theory: Miracle Solution or Recipe for Disaster