Sebastian Rothstein is the Editor-in-Chief for The EC Journal. He writes primarily about social economic dilemmas with a focus on uncovering the unconventional wisdom. As the editor-in-chief, he's working closely with the other editors to ensure that The EC Journal
It costs 1.8 cents to manufacture each penny. Dealing with pennies is a huge cost in terms of opportunity costs. Pennies does not facilitate trade. The penny is getting less and less valuable each year.
It's time that we kill the penny.
Leading up to the 1990s, crime in the US was at an all time high. Criminologists expected the trend to escalate and that the 1990s would turn into a bloodbath. However, for no apparent reason, crime began to drop at a rapid pace. Was it due to: the booming economy, the innovative policing strategies, or changes in the crack cocaine market?
Nay; it all begins with Roe V. Wade, 1973
Controversy encompasses sweatshops due to the hazardous working conditions, minimal pay, and the employment of child labor. However, is the revulsion of sweatshops justified?
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Justifying sweatshops may seem horrible, but it is a horrible reality; people live in extreme poverty, and to be able to work in a sweatshop is a bliss to some. The response posed by the anti-sweatshop crusade is not rational and does nothing but hurting the sweatshop workers.
With a budget of $30 billion, the U.S. Drug Enforcement Agency (DEA) has approximately a 1% efficiency rate in stopping the flow of drugs into, and inside, the country. The U.S. government's approach on drug prohibition, like the alcohol one before it, is a complete failure.
New York Times reporter Amy Chozick recently quoted Hillary Clinton in a tweet saying, “I don’t know where he was when I was trying to get health care in 93 and 94.” Bernie Sanders was not only at the event when Secretary Clinton pushed for healthcare reform in 1993 at Dartmouth College, but he was infact standing behind her when she was making the address.
There’s no incentive for suppliers of illegal drugs to order a recall on their product if they realize that what they produced turned out to be hazardous (try suing someone for selling you bad heroin). Lets hope there is no metal contamination in the Matanuska Thunderfuck
Here's the full and comprehensive list of everyone involved in the people involved in the Panama Paper leak along with everything you need to know about their involvement with Mossack Fonseca.
Think twice before buying TOMS solely because of their One for One policy. If you like their shoes, then by all means, buy them. There’s a smart and a dumb way to do charity. Don’t be dumb.
The gender pay gap has been one of the central themes of the twenty-first century; yet, the debate is misconstrued and misunderstood by both those advocating to close it, and those who do not believe it exists.
By being doomsayers, spouting nonsense about the Brexit being for democracy and turning the Brexit debate into an immigration debate, the United Kingdom Independence Party (UKIP), alongside Boris Johnson, has been able to turn the uninformed in their favor and well, the results are in.
In a democracy, everyone’s vote is equal (except in the U.S., of course). It doesn’t matter if you are an economist, fisher, or janitor — one vote is one vote. This is what makes democracy so beautiful, but is is also what makes democracy a cause for concern.
While Article 50 of the Lisbon treaty has yet to be initiated by the new prime minister, Theresa May, it is quite clear that sooner or later Sweden will lose its most trusted member in the European Union. With that in mind, a quite interesting question arises: should Sweden have an In-Out referendum on their own in order to leave the EU?
The U.S. spends approximately 18 percent of its GDP on healthcare; out of these 18 percent, the majority is private expenditures, which is to be expected with the current system. What is, mayhap, a bit more alarming, however, is that the U.S. is also number one in terms of public spending on per capita healthcare in the world.
With the current call for healthcare reform, a call which is getting stronger by the day, we cannot afford to pull in the opposite directions. Privatization has been the bedrock for growth in a magnitude of sectors and it has been proven throughout history — however, healthcare is not one of those sectors.
It was confirmed by a former MIR Foundation official that the President of South Korea, Park Geun-hye, had been acting merely as a puppet for a shadow cabal of eight women. In South Korea, the cabal has been called '8선녀 (Pal Sun Nyo),' which is roughly translated into ‘The Eight Heavenly Fairies.”
The disregard for political lines in this system is what truly makes this system function so well. The Singaporean healthcare model shows that private and public sectors can co-exist while achieving astonishing outcomes.
One cannot help to look towards the past for guidance in this time; the parallels between Hitler’s rise to power and Erdogan’s current path is eerily similar. Unless action is taken, this could very well be the end of democratic rule in Turkey.
After the first attempt to repeal and replace ObamaCare died on the floor of the House, Republicans came back with a new version of the American Healthcare Act (AHCA) that passed through the house on May 4th. Here’s everything you need to know about the American Healthcare Act
Negotiations are set to be under way before the end of June, and before then, it would be presumptuous to dismiss the possibility of a hard Brexit altogether. However, supporters of a hard Brexit ought to be weary; the end of a hard Brexit draws nigh.
releases top quality articles. In his own work, he has placed an emphasis on writing analytical pieces; a lot of his work concerns healthcare, trade relations, and social economic issues. He also produces editorials concerning political conundrums.
Sebastian is the executive producer of The Brief: Your Weekly News Briefing in One Bite