I-2022
PUBLIUS

WHO WE ARE
Publius: The Xavier Smith Scholars’ Magazine
Publius is a periodic magazine that focuses on current affairs, global and domestic economic, finance, and legal issues, and political, economic, and legal thoughts. It is produced and edited by Xavier University’s Smith Scholars.
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Production and Web Development Editor: Xavier Escalante and Juan David Patino
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Production Editor: John Fritz
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Development Editor: Sophia Grimes
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Development Editor: Carson Rayhill
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Faculty Advisor and Executive Editor: Stafford Johnson
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Smith Scholar Writers and Contributors: John Fritz, Sophia Grimes, Carson Rayhill, Luke Schmelzer, Jennifer Teague, Addison Moe and Noelle Ullery.
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Other Contributors: Steve Frankel, Stafford Johnson, Josephine Lando and Shannon Price
Categories
Economics & Finance

Bubbles, Efficient Markets, and Behavioral Finance
Smith Research Fellows Staff
From the beginning of 1995 to April 2000, the S&P 500 increased 227% from 466 to 1,524; even more impressive, the NASDAQ 100 index increased more than 12 fold from 347 to 4,692. This was the Dot-Com boom period, described by Federal Reserve Chair, Alan Greenspan, at the time as one of “irrational exuberance”.
Economics & Finance

Swaps: The $37 Trillion Market
Smith Research Fellows Staff
Over the past 50 years, the investment industry has seen stock market and real estate bubbles, interest rates approaching zero, the emergence of hedge funds and private equity companies, the globalization of financial markets, the proliferation of derivative securities, and the growth of securitized assets and structured financing.
Domestic

Supreme Court v. State Rights
Sophia Grimes
The prestige of the Supreme Court stems from its impartiality and its ability to make decisions that are consistent with the Constitution. Political parties, personal beliefs, and public opinion aside, the Court is solely concerned with the integrity it holds under the Constitution to make objective decisions.
Global

Rwanda; After the Genocide
Josephine Lando
Many people’s knowledge of Rwanda is limited to the 1994 genocide. Since then, though, the country has undergone a remarkable transformation. Twenty-six years after a genocide in which up to a million people were murdered in a hundred days, Rwanda surprisingly shows only a few obvious scars from the tragedy.
Commentary & Thoughts

Academia's Other Mission: Making Students Interesting
Smith Research Fellows Staff
In an interview with CBS, Dr. Nannerl Keohane, the former President of Duke University, was asked what she thought was the real mission of her university. After some reflection, Dr. Keohane responded that she saw the mission of Duke as one of making each student a more interesting person.
By The Numbers

Economic Update: Fall 2021
Smith Research Fellows Staff
In the fourth quarter of 2021, The U.S. economy moved into a moderate recovery stage with GDP reaching its pre-pandemic level. However, the slow labor market recovery, supply-chain disruptions, energy price increases, product and material shortages, and transportation bottlenecks, combined with the unprecedented expansionary fiscal and monetary policy stimulants, contributed to a high inflation rate of 7%.






















