Simple questions like why do oil prices keep increasing deserve equally simple answers like because consumers keep buying it. Of course at some point prices will be too high for this trend to continue, and so far the only signs so far have been dramatic decreases in sales of large SUV’s and increase sales of [...]
The fact that economics can predict most changes alludes many from the left. However, recently they have had economics teach them a lesson the hard way. Just like Sparty pointed to earlier this week in a great post, oil and prices are causing changes. Charles Krauthammer talks about this further in his washington [...]
Trade with Beer and Pizza:
Randy can make 10 pizzas in a day or he can get 4 kegs from the liquor store. Charlie can make 6 pizzas in a day or he can get 8 kegs from the liquor store.
Friday they each throw a party separately. Randy ends up with 5 pizzas and 2 kegs [...]
The big story of the recent stimulus package is the treaty that it will force politicians to maintain. Because of the speed that the stimulus package passed, and despite popular thought quick legislation is bad, it is a horrible mash up of ideals that doesn’t effectively engage either belief enough to make a difference. The misinterpretation of [...]
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