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In our previous blog post, we introduced 3 common measures of divorce. Both the crude divorce rate and the refined divorce rate of the United States show that the number of divorces in the U.S. has been declining. We now look at some factors affecting divorce.   Domestic Violence BowlusContinue reading “What Leads to Divorce? Some Economic Findings”

There has been a myth in the United States, which is that over 50% of the married couples in United States will end in divorce. If true, it will bring a lot of irreparable damages to children, families, and the taxpayers. Are we able to debunk the myth from theContinue reading “How Do We Measure Divorce Rates? Introduction of 3 Common Measures”

I. Introduction Gresham’s Law is a theory that predicts what will happen when two kinds of money circulate in an economy at the same time. However, the Gresham’s Law is conditional on certain circumstances. Outside of those circumstances, its predictions may not come true.   II. The Story of Gresham’sContinue reading “When Does Good Money Drive Out Bad Money”

Background A perfect storm has been riding on Sri Lanka that causes a widespread impact on its economy, society and order. Due to the reckless tax cut and the sluggish tourism sector caused by the COVID-19 pandemic and Russia-Ukraine War, the Sri Lanka government’s revenue dropped sharply with its budgetContinue reading “Possible causes behind the recent economic crisis of Sri Lanka”

From the mid-1980s to the beginning of the 2000s, Hong Kong’s price level as indicated by the Consumer Price Index fluctuated significantly, reaching the top of around 13% in 1991 and then falling into a negative zone after the Asian financial crisis. In contrast, the CPI from 2006 onwards hasContinue reading “The price level history of Hong Kong during the 1980s-2000s”