The Debt Ceiling Crisis 2023
After an on-again, off-again, on-again Biden-McCarthy negotiation over the debt ceiling, we are back to off-again. The looming debt ceiling crisis poses an economic problem of enormous proportions. McCarthy and Biden must eventually compromise because neither wants to appear unfavorable. The question is whether McCarthy can pass a compromise in the House in time given his slim majority and beligerent party members. It means neither Biden nor McCarthy knows if he can pass a …
Economic concepts applied in software development and leadership
Discover how economics concepts can change your approach to software development, technical leadership, and reliability engineering. This article explores various economic principles and their practical applications in the tech industry. Learn how concepts like opportunity cost, causal inference, comparative advantage, thinking on the margins, and the lump of labor fallacy can provide valuable insights and help you make informed decisions. By applying these economic ideas, …