Economics has been an integral component of human enterprise ever since goldsmiths began utilizing their clients’ bullion to support unrelated endeavors. The goldsmiths’ simple process provided the model for present-day corporations to invest their net-worth in labor expansion and new technology...

One of the main problems in the global economy is the difference in savings rates between the US and China. Savings rates in China are exceptionally high. The consumer savings rate is around 30%, the highest since the government began experimenting with market reforms. In the US, savings are at -...