Tag Archives: prices

  According to International Monetary Fund Managing Director Christine Lagarde the plunge in oil prices since June may hurt some crude exporters. But overall it is a good thing for the world economy. She said “there will be winners and losers, but on a net basis it’s good news for the global economy,” she said in Washington recently while commenting over the declining oil prices and of last Organization of …

  The economics of public debt is intriguing as well as fascinating! In interest-based capitalistic system, one cannot underestimate the value of debt. The system is designed such that economic progress and growth are made subject to ever-increasing prices of goods and services. The phenomenon of increasing prices is sustained by a corresponding increase in money stock through additional printing of currency. The additionally printed currency, going into an economy’s …