Those Wacky Old Folks and Their Saving
The recession has gone on long enough that it’s likely to have a long-term effect on people’s buying and spending behaviors. We may find that when we are old and gray (if we’re not already), that we...
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Are Sweatshops Bad?
The image at the top of this article is a Nike product, the “swoosh” clearly visible. I’m sure most of our readers would remember the savaging dealt to Nike in the 90s in the media, in the...
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I’m Talking About a Revolution
Consider if you will a small country mired in conflict, with the barbarians (the International Monetary Fund) storming the gate. Tempers are high, the old guard leadership model fails, leaving its...
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Derek Thompson Might be America’s Most Underrated Blogger
Why doesn’t The Atlantic’s Derek Thompson get more attention? I rarely see his stuff linked from other big economics-oriented liberal bloggers and he seems to always be overshadowed by the other...
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Will Greece Default? Find Out at 3 PM EST – Updated
So. It has come to this. Plan after plan after plan has gone by the wayside, as has a Prime Minister, and there has been no resolution to Greece’s massive sovereign debt problem. Now Greece is quite...
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The Moral Failings of Supply Side Economics
The other day I had a debate with a math student. He defended the mathematical soundness of the Laffer Curve and, by extension, the efficiency of supply side economics. Maybe the Laffer Curve has...
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Is This the Dumbest Economist Article Ever Written?
Headlines from The Economist aren’t normally the sort to make you spit out your coffee, but every once in a while they still manage to surprise me with a masterpiece of political absurdity that stands...
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Zimbabwe’s Hyper-Inflation Four Years Later
Roughly four years ago, Zimbabwe experienced one of the worst cases of hyper-inflation in the history of the world. The country was experiencing 165,000% inflation in April of 2008. That’s an insane...
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Game Theory: What Is It? How Can It Work For Me?
Game theory is in the news lately. For some, this may be the first they’ve ever heard of the field. For others, game theory might be part of an economics class they took back in college that they can...
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Brunei vs Singapore: A Case Study
There are two countries that are always going to be linked in the Southeast Asia region due to their similarities, and the key choices that turned one into an economic powerhouse. Brunei and Singapore...
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