This paper will examine why economists overlooked the largest increase in inflation in the past four decades. First, it will quickly summarize the fiscal and monetary responses to the COVID pandemic. Second, adhering to the quantity theory of money and a 1984 paper by Frederic Mishkin on the...

This essay discusses applied price theory and how Coase Theorem could offer a market approach to the political controversy surrounding abortion restrictions. It first reviews introductory microeconomic principles of negative externalities and then discusses how Coase Theorem could be applied to...