Economics of Macau, Gambling, and Capital Flight
Formerly a Portuguese colony, Macau is now one of the richest regions in the world.
Tag: downtofinance
Spilling the Tea: Opium Wars, History of Hong Kong, and China-Extradition Bill Protests
Why did the Opium Wars Happen? Why was Hong Kong a British Colony? What is this “One Country Two Systems” thing? Hint: it’s all because of TEA!
The “Four” Invisible Monopolies: Amazon, Google, Facebook, Apple
Amazon, Google, Facebook, and Apple. How big is too big such that consumers are being harmed by the growing dominance of digital platforms?
WTF is: Inverted Yield Curve?
Generally, an inverted yield curve signals a potential recession that will occur anywhere in the next 12 to 24 months. So is it time to panic?
Decision Making: Accounting Costs vs. Economic Costs
There ain’t no such thing as a free lunch. Every economist will tell you this. Why? Opportunity costs!
