Saturday, March 10, 2012

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Why is a hospital room so expensive? Nice graph showing the decline in number of hospital beds since 1975...What has happened to the population since then? This ain't Rocket science...

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The number of hospital beds in the US declined by 35% since 1975.  The US population was 216,000 in 1975 and 305,000 in 2008. That is an I...
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Why the demand curve slopes downward AND do we REALLY throw away this much clothing? Maybe Will Johnson is RIGHT!!

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This quote comes from an article on cotton production and how our demand for clothes made from cotton has, at the margin, "crowded ou...

A couple of nice graphs showing a link between Capital Stock and Economic Growth---Hey, STOP yawning and find out why this is important!!!

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Here are a couple of graphs that help illustrate an important concept in AP Macroeconomics---the relationship between "Capital Stock...
Tuesday, March 6, 2012

"Puzzling Indeed"

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Source: Carpe Diem
Saturday, March 3, 2012

Short article on the role of "scarcity" in business (and government). If you are a business, finance or econ student this will be helpful to you...

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Here is a link to a short article on the value of "scarcity" in business (and you can extend this to govt as well, in my opinion) ...
Thursday, March 1, 2012

"It's a Gas, It's a Gas, It's a Gas Gas Gas (Taxes)!"---Gas taxes and consumption from around the world...

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Gas prices vary across countries and continents. Much of the difference is in the level of taxation.  The chart below (From The Conversable ...
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Saturday, February 25, 2012

Abbott and Costello explain how we calculate the unemployment rate...

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The following is from the blog of Greg Mankiw . The humor that is calculating the unemployment rate in the US. Abbott and Costello explain ...
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A couple of sobering charts showing the change in world oil consumption since 1980. Not a "barrel" of laughs...

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A couple of sobering charts showing the change in world oil consumption since 1980.  The rise of Asia accounts for much of the overall net...

Nice graph showing gas prices from 1918 (yes, that's right) in nominal terms and adjusted for inflation. Quite interesting!!

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Here are 2 measures of gasoline prices dating from 1918. The black line is in nominal prices--just the price of a gallon of gas in a given y...
Friday, February 24, 2012

How Electric cars get their power---From the Kingdom of TINSTAAFL, of course...

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Source: Carpe Diem
Sunday, February 19, 2012

Law just passed by Congress taxes at 100% Unemployment Benefits collected by people with incomes over $750,000 ($1.5M for a couple). Read that again. Yes, millionaires collecting unemployment benefits IS a problem! See the data here...

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The following two graphics (source HERE)  show the amount of Unemployment compensation collected by millionaires from 2005 to 2009.  Really...
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Nice graph showing on a historical basis where tax dollars from all levels of government tend to flow. Guess first, then look at the graph...

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This graph from the NYTIMES shows, on a per person basis, where tax dollars at all levels of government have flowed since 1960.  Government...

Nice chart showing the effective tax rates of the Top 400 Taxpayers and a very brief explanation of how this came to be...

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From this chart, you can see the 400 taxpayers in the US (data from 2008) earn most of their income in what are called "Capital Gains...
Saturday, February 18, 2012

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