Regressive vs. Proportional vs. Progressive Taxes: An Overview Tax systems in the U.S. fall into three categories: regressive, proportional, or…
Read MoreSarbanes-Oxley vs. Dodd-Frank
The Sarbanes-Oxley Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act have been hailed by some as two…
Read MoreCan State and Local Governments in the US Run Fiscal Deficits?
There is nothing to prevent state and local governments from running budget deficits in the same manner as the U.S.…
Read MoreHow does contractionary fiscal policy lead to the opposite of the crowding-out effect?
According to general equilibrium models in contemporary macroeconomics, expansionary fiscal policy could cause crowding out of private activity in the…
Read MoreKeynesian Economics vs. Monetarism: What's the Difference?
Keynesian Economics vs. Monetarism: An Overview Monetarist economics refers to Milton Friedman’s direct criticism of the Keynesian economics theory created…
Read MoreWhat Key Economic Factors Cause Currency Depreciation?
Currency devaluation can occur in absolute and relative senses. A relative devaluation occurs when the foreign exchange value of one…
Read MoreMajor Regulations Following the 2008 Financial Crisis
The financial crisis of 2008, often called the Great Financial Crisis, caused a contraction of liquidity in global financial markets.…
Read MoreHow does expansionary economic policy impact the stock market?
Expansionary economic policy leads to increases in the stock market because it generates increased economic activity. Policymakers can implement expansionary…
Read MoreConsequences of the Glass-Steagall Act Repeal
Despite its tendency to be scapegoated, the repeal of the Glass-Steagall Act was, at most, a minor contributor to the…
Read MoreHow to Control Stagflation
Stagflation is an economic condition that combinesslowgrowthand relatively high unemploymentwithrising prices, or inflation. The standard macroeconomic remedies for inflation or…
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