Keynesian economic theory emerged as a response to the Great Depression. Monty Rakusen/Getty Keynesian economic theory is a macroeconomic theory that advocates for increased government spending and lower taxes to stimulate demand.Keynesian economics was a response to the Great Depression and a critique of classical theory, which suggests supply-side opportunities will correct the economy without…
Monthly Archives: July 2022
Economist Paul Krugman. Ricardo Rubio/Europa Press via Getty Images Paul Krugman characterized the crypto market as a “postmodern pyramid scheme” in a New York Times op-ed. “The industry lured investors in with a combination of technobabble and libertarian derp,” he wrote. His comments come after a stunning crash that wiped out $2 trillion in crypto…
Deutsche Bank in Berlin, Germany. Bildquelleullstein bild via Getty Images Germany could embrace wood for heat if Russia further cuts gas flows, Deutsche Bank says. The bank said in a note that it expects German demand for gas to fall 10% below 2021 levels. “There are lots of elements of uncertainty,” the note said. German…
Although actuaries often work for insurance companies, they’re also employed by hospitals, banks, and even investment firms. Eva-Katalin/Getty An actuary is a professional who analyzes risk using statistics to help companies remain profitable. An actuary creates risk categories that companies use to avoid undesirable outcomes. Actuaries design models to minimize the damage when undesirable events…
How much a financial advisor costs will depend on what you’re looking for. Ariel Skelley/Getty A financial advisor is a professional who gives advice about managing your money to reach financial goals.Financial advisors are not regulated, though ones who provide investing advice and services must register with their state or federal regulatory bodies.Financial advisors offer…
Bill Gates at the COP26 climate conference in Glasgow, Scotland on November 2, 2021 Jeff J Mitchell/Pool/Getty Images Bill Gates said he will one day be knocked off the list of the world’s richest people. The billionaire said he plans to give away “virtually” all of his wealth to his charity foundation. Gates tweeted that…
When you buy through our links, Insider may earn an affiliate commission. Learn more. The stuff on your wishlist that’s just a little too pricey just got discounted. Explore the best Amazon Prime Day deals under $100. Amazon Day two of Amazon Prime Day 2022 is officially on, and we’re seeing more deep discounts on…
Entrepreneurs who raised between $1 million and $5 million paid themselves an average of $96,700, a 2021 report found. Morsa Images/Getty Images Some founders are thinking about how a recession could impact their own pay. A 2021 report found that some entrepreneurs pay themselves six figures while others earn no salary. To prepare for a…
Delta A350-900. Oleh Yatskiv/Shutterstock Delta Air Lines chartered an Airbus A330 jet carrying 1,000 delayed bags to deliver to customers. The charter flew from London to Detroit after a regularly scheduled flight was canceled. US airlines lost, damaged, or delayed about 220,000 bags in June 2022 — a 135% increase from 2021. Lost luggage is…
When you buy through our links, Insider may earn an affiliate commission. Learn more. Amazon/Insider Prime Day 2022 wraps up later today, and we’re already seen deep discounts on products we regularly buy and recommend at full price. Many of the best deals are under $50 and every deal in this post is a stellar…