I. Introduction + Background The Federal Reserve (Fed) has a dual mandate: keep unemployment down and prices steady. At this moment, in a post-covid environment, with messed up supply chains, inflation has proven to be the focus. The Fed has been tackling inflation as prices have been the highest since the 1970s and don’t seem … Continue reading
Author Archives: shorenagiorgadze
Export Controls on China: Breakdown + Implications
Early last week, President Biden introduced new export controls that further heightened tensions with China, as the rule is directed to undermine Beijing while uplifting the American technology industry. While the controls have many consequences for China (and perhaps some unintended ones for the US, as well), it is mostly a tell-tale sign of where … Continue reading
Joe Biden’s student loan forgiveness plan: Who is it really for and what are the economic consequences?
Introduction: On Monday, the nonpartisan Congressional Budget Office estimated that Joe Biden’s executive plan- put in place in August- to forgive thousands of dollars of student loan debt for millions of Americans will cost more than $400bn over three decades. While the White house has been reluctant in providing its own fiscal assessment of the plan, … Continue reading