Economic History

March 13, 2018

Why It’s Tough for OPEC to Fight the Frackers

The OPEC nations are having a tough time deciding what oil price to target because it all depends on how U.S. shale oil producers will respond.

March 9, 2018

What Brexit Will Do to the EU Budget

About more than the U.K., Brexit also creates EU budget problems because of the 10 to 12 billion euros that the British will no longer give annually.

February 13, 2018

The Real Infrastructure Spending Story

Referring to spending at the federal, state, and local levels, and to roads and bridges and electrical transmission lines and railroads and so much more, infrastructure spending is monumentally complex.

February 12, 2018

Why Valentine’s Roses Bloom in Colombia

Most of our Valentine's roses come from Colombia because of the U.S. government, the perfect combination of land, labor and capital, and Walmart.

February 9, 2018

Cupcakes and Other Notable Bubbles

Whether looking at 1637 or 2000, markets and financial bubbles always seem to find each other. As a surge in demand pushes prices up, the result resembles a bubble because it is full of air rather than value.