Saturday, August 2, 2014

Population Pyramids for Israel and Palestine. Whoa to the policy-maker who ignores this!

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Demographics is seldom talked about when it comes to geopolitical issues but it is an important explicit and implicit variable that underlie...
Friday, August 1, 2014

It takes a nation to stockpile this much ethanol. No lie. It literally takes a nation. Find out which one here.

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US ethanol stocks soar to 16-month high: EIA US ethanol stocks rose 647,000 barrels to a 16-month high of 18.587 million barrels in the w...

Corn killed Bubba Gump Shrimp. "That's all I have to say about that". See how here.

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Source: Big Picture Agriculture Kay MacDonald over at Big Picture Agriculture has this graphic showing the "Dead Zone" in...
Thursday, July 31, 2014

World-wide Car sales from 1990 to Present. You are not going to believe these numbers.

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This chart amazed me. Note the years along the horizontal axis. The first two bars represent two DECADES worth of car sales worldwide.  The ...
1 comment:
Friday, July 25, 2014

Something's fishy in Alaska in the canned salmon market. Let's go to the graphs.

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Another day, another easy pickin' economics lesson pulled from the headlines. "Alaska Governor asks the Federal Government to buy...

"I, Chocolate". Why is chocolate so cheap when SO MANY people have to get paid to get it to us?

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I cannot answer that question. No one can (we can only suppose).  It is part of the miracle that is markets operating in as free an environm...
Wednesday, July 23, 2014

Substitute versus Substitution Effect. Only one word difference but the difference is BIG.

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One of the more difficult things to teach to students is the difference between a Substitute (good or service) and the Substitution Effect ...

Nice article: A simple technology allows farmers to become Price Makers, not Price Takers

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In AP Microeconomics we have a unit on the market structure "Perfect Competition".  One of the main characteristics of a firm that...
Wednesday, July 16, 2014

I visited the "Shawshank Redemption" Prison this week and came away with this observation (why, yes, of course it involves economics)

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I visited the prison that was used as the backdrop for the GREAT movie "Shawshank Redemption" .  It is located in Mansfield...
2 comments:
Friday, July 11, 2014

LeBron, Johnny and the Republican nominee walk into a bar in Cleveland....

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After the Republican Convention in 2015, the Republican nominee, Johnny Manzeil and Lebron James walk into a bar in Cleveland. Johnny give...
Wednesday, June 25, 2014

Nice map showing the uneven job recovery in the US.

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The New York Times has a lengthy article on the economic recovery from 2007 to 2013 with a focus on the post-recession state of the economy....
Sunday, June 22, 2014

Hammer and nails. Cheese and Beer. Regulatory over-reach or Public Safety?

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Recently in a speech at West Point President Obama used this phrase in referencing Iraq/US foreign policy: "Just because we have the ...
Friday, June 20, 2014

Chased something down a rabbit hole today.

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Chased something down a rabbit hole today. I tried to examine the budget of the Federal Highway Trust Fund and the Federal Highway Adminis...
Thursday, June 19, 2014

Ever wonder how farmers get paid for not planting crops? Here is my explanation as it pertains to the new farm bill. Enlightening...

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I have been semi-immersing myself in learning about the new Farm Bill that was recently passed and signed into law that will dictate US farm...
Wednesday, June 18, 2014

How many football fields worth of corn did we use everyday last week to produce the surge in ethanol production? We're gonna need a bigger stadium...

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Saw this and of course had to do some calculating.  You know how much hatin' I do on ethanol. U.S. ethanol output surges to record hig...
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