Lax monetary policy in the United States has been pointed out as one of the responsible factors behind the recent global crisis. Similar loose monetary conditions also prevailed in many European countries before the crisis and were argued to be among the accommodating factors behind the run-up...

The education system in every country is a regular process and each year a big part of government budget and also private investments are allocated toward this system. In addition, some of the best years of every human are spent in schools and under education. Today, the economic effects of...