Monday, February 23, 2015

Credit is the fuel for an economy. The resulting debt is the exhaust that chocks it.

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That is the best analogy I can come up with at the moment. This wise posting is from The New Arthurian.  Go there to read the BEST stuf...
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Saturday, February 14, 2015

The US Exports water and land mass in the form of Ethanol. Madness.

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I follow several agricultural organizations on Twitter because they provide lots of good info and graphics on things that interest me. The...

Why do the Ukranians and the Rebels continue to fight even when a cease fire is only hours away? Game Theory might tell us.

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Ukraine crisis: Fighting rages as ceasefire nears I read this headline and the accompanying story and wondered why the fighting remains at...
Thursday, February 12, 2015

Chocolate and Simultaneous Shifts in Demand and Supply----Happy Valentines Day!

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Can you feel the love of supply and demand yet? A very nice article in the New York Times that can be used for a basic supply and demand e...
Wednesday, February 4, 2015

December Truck/SUV sales. Is there more to the story than low gas prices? Yes.

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I got the graphic below from a Wall Street Journal article on the big jump in "large vehicle" sales in December in the US.  They g...
Thursday, January 29, 2015

Nice illustration of shift in crop production in the US(1990-2015). Good lesson on Allocative Efficiency

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A nice visual showing how the allocation of agricultural land used for large scale farming has shifted in what it produces over time.  This ...
Wednesday, December 17, 2014

What came first: the egg or the California regulation on cage sizes?

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Washington Post:  California could be on the verge of a severe egg shortage, and it will affect the whole country A new regulation  is se...

"Sugary Drinks" and Dead Weight Loss. Lets go to the graphs.

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Many communities around the US  (and some other countries) have passed, or want to pass, a law that places a tax on "Sugary Drinks...

The Russian Ruble (Rouble) turns to rubble. Apple Products edition.

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This snapshot of the Russian Ruble (you see it spelled "Rouble" sometimes) value relative to the US dollar is from today's Bl...
Thursday, December 4, 2014

Cranberry production is out of control....

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The supply of Cranberrys is almost double the amount the global market commands.  Bet you did not know that.  I didn't. Here is an art...
Thursday, November 20, 2014

Losing your Cool over COOL. It is (insert any time of day)--Do you know where your food comes from?

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Here is an excellent example of a "Non-Tariff Barrier"(overt, non-monetary tax or quota) a country can impose on a good (or class...

Nice map showing the devolution of farm dependency in the US.

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This i mage is via Big Picture Agriculture  from a  report by the Kansas City Federal Reserve Bank . It shows how the US economy has devol...
Thursday, November 13, 2014

The Lottery--How much does your State payout in Prizes and gain in Revenue for the State Budget?

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Over at  Five-Thirty-Eight Mona Chalabi has a blog entry on how much States receive in Lottery money ( year 2012 is the latest data availbl...
Monday, November 10, 2014

Nice Real Life Example of "The Rental Rate of Capital". An important Micro Econ concept.

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One of the more difficult (and frustrating, I think) concepts in the Microeconomics Unit on Firm structure is figuring out what is an impli...
Tuesday, November 4, 2014

The price of oil relative to the cost of producing oil. Nice graphic to help with graphing!

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This is a follow up to yesterdays posting on the Break-Even point for oil drillers in different geographic areas of the US. The point of t...
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