In the 2009 transcripts, Federal Reserve humor brings smiles and memories of the dire condition of finance, housing and the GDP.
How an ATM is More Than a Money Machine
A banking innovation that is more than a money machine, the ATM’s impact on bank tellers shows the impact of Joseph Schumpeter’s creative destruction.
A Surprise in the Federal Budget
Told by the World Court to stop the subsidies paid to cotton farmers that distort prices, the U.S. has settled the case by paying Brazilian cotton farmers.
Why It Takes So Long to Board an Airplane
Although airlines can increase productivity when they board passengers faster, they do not use the most efficient approaches.
How Tax Evasion Relates to Porsches
A big part of the shadow economy, the tax evasion in Greece that prevails among the self-employed substantially ups the deficit and distorts fiscal policy.
What We Can Learn From Warren Buffett
His 50th anniversary, Warren Buffett’s letter to his shareholders again conveys what he did right, what he did wrong and his folksy investing advice.
Weekly Roundup: From Good Voices to Bad Marriages
Our everyday economics includes GDP, human capital, price system, public goods, taxes, gender pay gap, externalities, subsidies, marriage economics and ROI.
How To Price a Nobel Prize
Shown by auctions of Nobel prize medals from recipients like Simon Kuznets and James Watson, through markets, the price system conveys information.
Tradeoffs and Marriage: Like a Horse and Carriage
As the pill, education and employment opportunities changed the value of women as wives, the tradeoffs that relate to being married have also changed.
The Importance of a Good (Voice) Pitch
Because men and women associate competence, confidence, and authority with a deeper voice, gender inequality can be caused by how women speak.
