Saturday, October 26, 2013

Who owns the Federal Reserve Bank of the United States? Good question that is sort of answered here...

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Here is a nice primer from an independent source as to who (or what) "owns" the Federal Reserve Bank of the US ("The Fed...

Nice graphic on the rise of bottled water and the demise of soft drinks. However, one question remains unanswered...

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The NYTIMES has a nice article on the rise of bottled water use and the demise of soft drinks in the US. "...But bottled water is...
Wednesday, October 23, 2013

Wanna know the problem with our Federal Budget? Here is it as plain as I can make it plus my take on the solutions. Your welcome...

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The Christian Science Monitor has a terrific set of Budget and Debt graphs on its site today. Below is one I copied and modified to show ...
Tuesday, October 22, 2013

Are Multiple Job Holders "Crowding Out" new entrants or re-entrants into the job market? See the data for yourself and you tell me...

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The Bureau of Labor Statistics (BLS) keeps track of all kinds of employment data from the surveys they do to determine employment/unemployme...

Update to the map comparing US Gross State Product (GSP) to Gross Domestic Product's (GDP) for select countries. Nice reference tool!!

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Here is an update to an interesting way to look at the Gross Domestic Product (GDP)  for the US.  (HT: student Gabe Salmon) It takes each ...
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...
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