Friday, September 3, 2010

Happy Capital Day!! Opps, I mean Labor Day...or do I?

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On Labor Day we celebrate the contribution of the worker to the production of goods and services.  Good enough and well deserved.  However, ...

Do the carpets in Vegas Casinos camoflage stains OR poker chips? I got to know!!

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Apparently there is money to be made in carpets in Las Vegas...Are the carpets in casinos for covering up stains OR for camoflaging chips th...
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Thursday, September 2, 2010

Economics underpins ALL conflict---Food Inflation causes rioting--is this just the beginning?

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    The subject of the article below is something we discussed in class today.  Increasing food prices, while a nuisance, are easily absorbe...
Wednesday, September 1, 2010

"Priming the Pump"---this ain't plumbing but we are trying to unclog the stagnant economy---see multipliers enclosed.

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  A nice graphic  below showing the multiplier effects of various fiscal policies Congress could implement to move the economy forward.  In ...

Keep your externalities Positive---"Metering Out" benefits...

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It is usually easier to find examples of negative externalities than positive ones.  Positive externalities are benefits accrued by society ...
Tuesday, August 31, 2010

How many versions of an IPOD do we need?? The market says more...listen to the market...

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Creative Destruction at work---within the same company.  A miracle of market activity that can only take place where people toil in economi...
Saturday, August 28, 2010

Want to know why printing money in not the answer to our problems? Inflate your knowledge with this link...

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Students---An EXCELLENT, concise lesson on why the US has to be careful about printing money to get us out of the recession...Please take th...
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China's now infamous traffic jam---and why more will happen!!

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China's 11-Day Traffic Jam Was Insane... But Here's Why More Will Happen... Graph shows the growth in the number of cars (BLUE lin...

Reinforcement for me on the recycling lecture I gave in class this week---Nice quote... :)

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How timely!!!...A great quote today in the Wall Street Journal in regards to an economist they profiled.  It is from his wife and is quite ...
Wednesday, August 25, 2010

Another assertion of mine in class today: MOST conflicts/wars are caused by fights over resources or have an underlying economic cause---current example enclosed...

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Today in class (in addition to the discussion on recycling), I also suggested that MOST conflicts/wars/revolutions in history are related to...

Had the recycling discussion in class today...Why do I even go there?? :)

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In class today (3A) we had a rousing discussion on the merits of recycling. Specifically, I proposed that re-cycling paper may not  be advan...
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Monday, August 23, 2010

A Lie: US Manufacturing is in decline!! Why are we constantly told this? Let the truth set you free...

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There has been alot in the news lately about the decline of American manufacturing, considered the backbone of our economy. In terms of jobs...
Saturday, August 21, 2010

The Breakfast Club just got more expensive---That will not go over-easy with customers.

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     With the recent egg crisis (salmonella) AND the increase in the cost of major inputs that go into making a large part of my favorite me...
Friday, August 20, 2010

Ok, I hit a low point in finding examples of Complements for Microeconomics... :)

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(HT: Division of Labour )...Complements---it is a dirty businesses...In economics we call two goods that are separate and distinct BUT prima...
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Protesters---You have been warned!!

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Pet Peeve alert: I am fed up with protesters! BUT not for the reason you might think...If you go to a protest and march with a pre-printed s...
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