The world has been thrown into chaos over the course of the past several weeks with the rapid spread of the Coronavirus (COVID-19). The virus has spread from China to some of the most remote islands on Earth. Since it has begun to spread, markets have been extremely volatile and many businesses have been forced to shut down, both voluntarily and by government mandate.
Has America run out of room for immigrants? This has become a key question in the recent surge of interest in immigration policy in the United States. Supporters of tighter restrictions on immigration use various arguments to answer this question, citing higher crime rates caused by immigration, negative effects of immigration on the economy, and low levels of availability of housing, food, and jobs.
The fight between those who prefer free markets and those who prefer protectionism and domestic production is a war that has been waged since the time of mercantilism in the 1600's. Adam Smith, Frédéric Bastiat, and many other classical economists of their time fought hard against the idea that markets needed to be controlled extensively by government regulations. They, along with many others, believed that government intervention in the economy produced inefficiency and dead-weight loss.
Cryptocurrencies refer to exchangeable digital units of value secured by cryptography. Associated with decentralized ledger tech, which is also widely known as blockchain, cryptocurrencies aim at achieving secure transactions guaranteed by computational tools instead of relying on a centralized authority. Examples include Ethereum, Zcash, Bitcoin, and Steem.
The digital revolution began in 1947, shortly after Bell Laboratories’ scientists invented transistors and managed to combine them together into integrated circuits (Douglas E. Comer, 2019). The world’s transition from an analogue era to a digital one marked the commencement of a rapid transformation that continues to take place to this day.