A Demand and Supply Lesson

A recent NPR report on the changing status of marijuana in California is also a supply and demand story. The story begins in 1983 when the Reagan administration sought to decimate pot production in California. As a result, supply would…

A Water Dilemma

Last week, the Boston area had undrinkable water for several days. Predictably, bottled water sales soared as did bottled water prices in certain stores.  Equally predictably, politicians condemned the increases. Most economists, though, disagreed. As explained by a Boston Globe journalist, price boosters…

Hot Wing Markets

Opening on April 1 in NYC, the Exchange Bar & Grill has food and drink prices that respond instantaneously to demand.  As described in a Reuters article, if everyone wants hot wings, then, in $.25 increments, the price increases; if…

Random Recession Notes

The impact of a recession might not be entirely what we expect. A recent study from the University of Ottawa suggests that we sleep more during a recession. Canadians slept two hours and 34 minutes more per week. Hypothesizing that…

Frugal Fatigue?

Some of us are suffering from frugal fatigue. According to a New York psychologist, symptoms could include anxiety, fear, depression, and even the common cold. The cause is stress from watchful, recessionary budgeting which for certain people is no longer…

Is the Market Ethical?

Some people believe that government should control areas that we consider most valuable while others say precisely the opposite. The “war” between government believers and market believers was evident in Saturday’s Wall Street Journal. Wherever kidneys are paid for through…

Cheap Health Care!

A recent “Investor’s Business Daily” article includes a great graph. Downward sloping, the graph represents health care spending by consumers. While aggregate spending skyrockets, individuals are paying less out of pocket. http://www.investors.com/NewsAndAnalysis/Article.aspx?id=516427 You see where this is going and what…

Who Should Get A Kidney?

Some say that it is unethical to pay someone for a kidney while others say it is unethical to use a method (a government list) that makes fewer donor organs available. As always, choosing is refusing. The debate continues in…

Island Economy

I’m sitting on the beach and looking to the left I see MASSIVE ships sailing up to the beach. Honestly, it hasn’t hit me until now that islands and other destinations survive because of tourism. With eight cruise ships and…

Girl Scout Cookies

Have you ever realized the craze that girl scout cookies have caused? Whenever I hear those three words I jump at the chance to order them. Money really is no object. I end up with enough boxes to last me…