Saturday, May 17, 2014

Regardless of your political persuasion..

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I suppose it is inevitable that it plays out this way.  The Constitution is sort of like a book.  It provides a table of contents and the 3 ...
Friday, May 16, 2014

Since 1994 we receive 150 more TV channels and but only watch an additional 7. Progress?

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The number of TV channels the average person can receive in their homes has increased 375% (189.1-40.4= 148.7/40.4 X 100) The number the ...

Where's the Beef? No, seriously, where is the beef!!

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Here is a look at the past, present and future of the Supply Side of the meat industry. This data is from the USDA ERS  for the years 2013, ...
Thursday, May 15, 2014

My response to a Social Media posting regarding a restaurant owner who pays his workers $21.00 per hour.

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There is a posting going around on Social Media (I have seen it on Facebook) about a restaurant owner and how much he pays his staff/waitst...

GUESS FIRST! Which State produces almost half of all rice grown in the US?? Ok, now you can read on...

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After attending my daughters graduation from Texas A&M (economics!!) we drove from College Station to our home in the Columbus, Ohio are...
Wednesday, May 7, 2014

Purchasing power of money and McDonalds. Let's go back to the Disco Era

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This menu board I posted yesterday gives me food for thought (pardon the pun).  It makes it easy to compare the purchasing power of wages...
2 comments:
Tuesday, May 6, 2014

McDonalds menu board from 1974. Nice lesson on prices and selection change over time.

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I saw this photo of an aged McDonald's menu on Twitter.  I spent about 2 minutes trying to confirm and the best I can find it is from 19...
3 comments:
Monday, May 5, 2014

Short currency exchange rate lesson: Kia Motors and the Won

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The trading of  goods and/or services internationally requires the exchanging of currencies to facilitate those transactions.  Consumers and...

PPF illustration with maps of Corn and Soybean acreage. Nice real life example.

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In the first week of an introductory Economics students encounter the Production Possibilities Frontier (PPF) as the first formal model used...
Saturday, May 3, 2014

My Informal Lime Report Update: A price increase!! According to reports, this should NOT be happening...

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I have been chronicling the price of Limes at my neighborhood Kroger (Northern Burbs of Columbus OH) for the past month or so.  Today...

Nice graph showing Median Age of workers and an aging population. Is there something to see here?

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Via Twitter and Micheal McDonough . "Median" age means half of workers are older than 42.40 years of age and half are under (rea...

Nice graphic on revised employment reports from the St Louis Fed

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This graphic comes from the St Louis branch of the US Federal Reserve Bank . It is a nice illustration of (1) why we should pay only mild ...
Friday, May 2, 2014

Electric Car buying and subsidies. Who REALLY benefits?

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Electric Cars are considered a net positive for a lot of reasons.  I know this can be a point of contention, but that is not what this posti...
Wednesday, April 30, 2014

Latest GDP report out. I see heating bills and transfer payments. What do you see?

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The latest Gross Domestic Product report for the 1st Quarter of 2014 just came out.  Not a good one at all---GDP grew at a .1% pace (yes, PO...

Is the US REALLY falling behind China in terms of measuring GDP? "Objects in mirror appear larger than they really are" is not just for rear view mirrors...

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There is a new International Monetary Fund (IMF)   report out regarding China's imminent surpassing of the US as the worlds largest eco...
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