Category: Economics

Bottled Water Costs 40x More: Why Don’t Poor Areas Have Water Plants?

Mike P. Sinn, July 21, 2024August 31, 2024

Many poor communities spend up to $740 per person annually on bottled water. A water sanitation plant could slash this to just $18. So why don’t they build one?

Economics

How The Federal Reserve Steals from the Poor and Gives to the Rich

Mike P. Sinn, February 16, 2022March 29, 2022

Federal Reserve policies are effectively stealing $54k from the typical family every year.

Economics

How to Protect Yourself Against the Invisible Inflation Burglar

Mike P. Sinn, September 21, 2021July 14, 2023

Two Types of Inflation People typically just use the word inflation by itself, but there are actually 2 main types and it’s essential to be specific. The 2 types are: The money supply (monetary inflation) has exploded recently but prices (price inflation) have been relatively stable. Inflation is a Hidden…

Economics

Top 1% Received all of the $4 Trillion Printed in 2020

Mike P. Sinn, February 7, 2021March 24, 2021

The $4 trillion created by the Federal Reserve as part of the 2020 stimulus program appears to have gone entirely to the top 1% wealthiest people in the world.

Economics

How much does it cost to develop a drug?

Mike P. Sinn, August 6, 2020March 29, 2022

The average cost of getting a new drug to market is $1.3 billion.

Economics

When the government prints new money, who gets it?

Mike P. Sinn, August 1, 2020March 29, 2022

The primary recipients of newly created money are currently banks and corporations who are able to borrow from the Fed almost 0% interest and loan this to the public at much higher interest rates.

Economics

A World Run By Economists

Mike P. Sinn, July 31, 2020March 29, 2022

If only economists could run for office, the the compound interest on more efficient resource allocation, would have produced a utopia with flying cars by now.

Economics