Some people look at the US economy’s rising inflation and wish for a recession. They want lower inflation rates to match the growth rate of American workers’ wages. However, a recession is actually more damaging than inflation. Typically accompanied by higher unemployment rates, recessions do lower inflation rates… along with severely cutting the growth rate of wages. This rise in unemployment, crippled wages, and a long recovery period after the fact all make recessions the greater of two evils in economics. Read full article here
Technology
The First Solar-Powered Car Comes at a Hot Price
The Lightyear O is a revolutionary electric car powered by the sun. Developed by a Dutch startup, the four-door sedan has over 50 square feet of solar panels on its roof and hood, generating up to 43 miles of energy a day. With production now underway in Finland, the car does come with a hefty price tag at $262,000, but the company hopes to introduce a more affordable version, the Lightyear 2, by 2025. Read full article here
Merv
January 27, 2023
