2019-02-25 12:41:00 Mon ET
treasury deficit debt employment inflation interest rate macrofinance fiscal stimulus economic growth fiscal budget public finance treasury bond treasury yield sovereign debt sovereign wealth fund tax cuts government expenditures
Chicago financial economist Raghuram Rajan views communities as the third pillar of liberal democracy in addition to open markets and states. Rajan suggests that communities serve as an indispensable part of a healthy economic society in stark contrast to a key source of market frictions (which may inhibit the smooth operation of the global economy). In recent times, both Brexit and the electoral successes of Donald Trump have shaken the dismal science. Prominent economists begin to consider what can constitute an efficient response to regional economic inequality. For instance, Lawrence Summers and his co-authors empirically demonstrate that both employment subsidies and tax credits should target U.S. regions with more elastic labor participation.
As open markets and states interact with socioeconomic webs of human relations, values, and norms, technological phase shifts tend to rip markets out of those old webs with populist backlashes through human history. Socioeconomic interactions eventually gravitate toward a new equilibrium with a messy and arduous transition. When markets and states scale up, political clout and economic power concentrate in vibrant hubs that prosper to the detriment of peripheral communities. Democracy preserves market competition, and open market competition preserves democracy. Rajan proposes strengthening communities as an antidote to new socioeconomic challenges.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2018-03-17 09:35:00 Saturday ET

Facebook faces a major data breach by Cambridge Analytica that has harvested private information from more than 50 million Facebook users. In a Facebook pos
2019-02-05 10:32:00 Tuesday ET

President Trump remains optimistic about the Sino-American trade war resolution of both trade deficit eradication and tech transfer enforcement. Trump now s
2023-01-09 10:31:00 Monday ET

Response to USPTO fintech patent protection As of early-January 2023, the U.S. Patent and Trademark Office (USPTO) has approved our U.S. utility patent
2019-11-11 09:36:00 Monday ET

Apple upstream semiconductor chipmaker TSMC boosts capital expenditures to $15 billion with almost 10% revenue growth by December 2019. Due to high global d
2023-02-03 08:27:00 Friday ET

Our proprietary alpha investment model outperforms most stock market indices from 2017 to 2023. Our proprietary alpha investment model outperforms the ma
2020-05-14 12:35:00 Thursday ET

Disruptive innovators can better compete against luck by figuring out why customers hire products and services to accomplish jobs. Clayton Christensen, T