Lately, the issue of stagflation has become the main concern of central banks and citizens. It is one of the most complicated situations in our modern economy which characterizes by rising prices and an economic recession. And every central bank in the world is currently facing a huge dilemma - raising interest rates, obviously. But…

From the onion in India to the pig in China to the rice in Nigeria, the Prices of basic food products worldwide are rising at a pace that makes it harder for citizens to comply. Ultimately, the increase in food prices raises the question of central banks' policy, which are already facing increasing inflationary pressure. But,…

Not many people are aware of the fact that the person who has laid the foundations for our current economic system, Adam Smith, was a philosopher. Smith, who published the most famous economics/philosophy-related book in 1776 (The Wealth of Nations), believed in self-interest and the free market - two of the most essential elements of…

Key Takeaways Human Activities and Greenhouse Gases: Since the 1800s, human activities such as burning fossil fuels (coal, oil, and gas) have become the primary drivers of climate change by producing heat-trapping greenhouse gases like carbon dioxide. Comparing Fossil Fuels and Wood Burning: Burning fossil fuels releases large amounts of carbon dioxide, contributing…