An Introduction to Insurance Business

Insurance is a business with long history and plays an important role in modern finance world as the industry controls large amount of capital and investments. For example, Berkshire Hathaway, one of the largest corporations in…

Is Deflation Really a Bad Thing for the Economy?

Most economists agree that deflation hurts the economy. They believe that deflation increases the real value of debt and decreases the income of producers, which can lead to their insolvency. Also, deflation increases the real value of cash, and…