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Leonard Pokrovski

added blog Economics
2026-05-21 19:34:39 -

Is it a good time to save or spend?
Is It a Good Time to Save or Spend? There is a peculiar insanity to modern economic life: the harder people work to become financially secure, the more financially fragile they become. A generation ago, saving money was considered an act of prudence. Today, it is treated almost as a pathology. Central bankers openly fear savers. Governments quietly punish them. Financial media ridicules them....

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Leonard Pokrovski

added blog Economics
2026-05-14 15:29:00 -

What are interest rates?
What Are Interest Rates? There are few prices in modern civilization more consequential than the interest rate. Wheat prices determine whether bakers survive. Oil prices determine whether airlines collapse. Labor prices determine who gets hired and who remains idle. But interest rates determine something deeper: whether a society prefers the present to the future. That distinction is not...

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Leonard Pokrovski

added blog Economics
2026-05-21 19:31:41 -

Why is environmental economics important?
Why Environmental Economics Matters More Than Most Economists Admit The modern economist suffers from a peculiar superstition: he believes prices emerge from nowhere, production occurs in a vacuum, and prosperity can somehow be detached from the physical world that sustains it. He speaks fluently about GDP growth while rivers die quietly behind industrial parks. He models consumption curves...

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