Friday, October 18, 2013

Mexican Government implements a Junk Food Tax. Oh happy day! I get to do a lesson on Elasticity and Incidence of Taxation.

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Here is a nice current article that helps teach the microeconomics concepts of Elasticity and Tax Incidence. Mexico Tries Taxes to Combat O...

What do Humvees in Afghanistan today have in common with trains in Mali in 1982? More than you think.

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" In Afghanistan, army struggles to wage war with damaged equipment, poor logistics"  Their fighting season nearly over, members...

See a couple of useful graphics here on the tragic issue of Human Enslavement around the world. The results might surprise you.

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The enslavement of people around the world has been a problem throughout history and no less so today. The first graphic shows, in nominal...
Thursday, October 17, 2013

Robots, Baristas and Economics Teachers...One of these is not like the others...

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I used to worry about robots taking away economics teaching jobs.  Turns out even robots have a limit as to how much boredom they can stand....

Only one thought, host hoc, on the end of the Federal Government shutdown

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I wish the politicians in Washington, and the talking heads that support them, would fight just as hard for private sector jobs as they did ...
Wednesday, October 16, 2013

Is it time to eliminate "Bridges" from the call to spend more money on "Roads, Bridges and Other Infrastructure"? I report, you decide. Numbers you will only see here...

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I read a short article ( HERE ) regarding the "crumbling infrastructure" in the US.  It pointed out that while 1 in 9 bridges in t...
Tuesday, October 15, 2013

Nice market example of an Inferior and Normal Good. Only this one involves the SAME product...

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A basic concept when leaning about Demand is to differentiate between a good that is termed a Normal Good and/or an Inferior Good.  Both are...
Friday, October 11, 2013

Where I am today mentally...

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We just moved from Illinois to Ohio. Have been without TV for about 7 weeks. We just got it hooked up.  I am a confirmed cable news junkie (...
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Thursday, October 10, 2013

Nice graphic showing where the major parts of the 787 Dreamliner passenger plane come from. Nice lesson in market coordination.

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Here is a nice example of the global supply chain in action. This shows major parts of the Boeing 787 Dreamliner passenger plane and from ...

Nice graphic showing the various sources the US borrows money from.

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Here is a nice and concise graphic showing the who and how much we owe as a country to different entities.  A majority of our debt is owed t...
Tuesday, October 1, 2013

Top 10 Ranking of Car/Truck Sales for September. One country produces Trucks. One country produces Cars. Comparative Advantage in one easy lesson...

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The US makes and sells Trucks best. The Japanese make and sell cars best.  Comparative Advantage...Any questions?? #10 Nissan Altima ...
Sunday, September 29, 2013

Some Chinese are willing and able to pay $485,000 for a Land Rover SUV. I gotta see how this graphs!!! So can you here... :)

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Demand For Luxury SUVs Is Too High For Land Rover To Keep Up The new  Land Rover Ranger Rover  and  Range Rover Sport   SUVs  are lighter,...
Friday, September 27, 2013

21 Scams Used By Devious Car Dealers — And How To Avoid Them....Here is my finance lesson of the day for students.

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When I bought my first car(s) on my own I made a TON of mistakes that cost me dearly.  If you are young person and don't have someone ...
Tuesday, September 24, 2013

King Dollar still reigns. It will be awhile before it is dethroned. Nice graphic showing the "lead" it has on the next most desirable currency...

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The US dollar is the preferred " medium of exchange " in conducting physical and financial transactions internationally.  It lost ...
Saturday, September 21, 2013

Terrific document showing the changes in the components of "The Dow" over time. Makes me feel old...

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The companies that comprise the "Dow Jones Industrial Average" (DJIA), or "The Dow", changes over time to reflect the ch...
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