Ontological Argument The Ontological argument is an argument for God’s existence based entirely on reason. According to the argument, there is no need to wander around looking for physical evidence of the existence of God; we can easily work out that he exists just by thinking about it. Ontological argument purports to be an a
Intrinsic Value Vs instrumental Value Intrinsic value and Instrumental value have been a case of seemingly contrasting ideas in ethics, since philosophers began debating the subject of philosophy. Instrumental values are those values that are merely meant to achieve an ethical decision. Intrinsic on the other hand, are values that are understood as human nature.
Instrumental Variable Instrumental variable is a very important technique that is applied in statistics and econometrics. However, it can be a bit confusing to most people. The technique is used in the estimation of casual relationships when controlled experiments are not feasible or when a treatment is not is not delivered successfully to each unit
US Electoral College The United States constitution specifies the United States President and Vice President are to be selected every four year by a small group of people. These people are individually known as ‘presidential electors’ and collectively as the ‘Electoral College’. Therefore, the Electoral College is not a place but rather a process. It
United States Fiscal Cliff The United States fiscal cliff came into existence in 2013 January whereby, a series of laws previously enacted came into effect simultaneously. The 2001 Bush tax cuts which had received a 2 year extension by the Tax Relief Act of 2010 and were to expire on 31st December 2012 as well
United States Debt Ceiling Crisis The United States did not have any debt ceiling prior to 1917. Before this period, Congress either allowed Treasury to issue certain debt instruments or it authorized specific loans. There are instances when Congress authorized Treasury to use its own discretion to decide the type of debt instrument to be