Economic Ideas

Much more than money, economics is about tradeoffs. Thinking economically involves cost and benefit, marginal analysis and seeing that there is no free lunch. Econlife tries to convey these economic ideas, which serve as the foundation of economics and help people make decisions personally, professionally and as voters.

How Covid-19 Affected State Tax Revenue

We can look at a snapshot of different sources of state tax revenue for 2019 and 2021 to see yet another way that Covid-19 affected us.

Why Fat Bear Week 2021 Is About More Than Hibernation

Seeing Otis, Holly, and 747 compete during Alaska’s Fat Bear Week reminds us of the impact of wilderness and development tradeoffs.

The Hidden Impact of the Washing Machine

Much more than a source of clean clothing, the washing machine is an example of household technology that impacts women and the economy.

The Dog(e) That Needs An Owner

Whereas a Dogecoin trademark had initially seemed unnecessary, its developers soon faced big problems without one.

When E-Cigarette Taxes Increased Smoking

Ranging from Argentina to Uganda, countries have banned e-cigarette sales. Elsewhere, hoping to minimize smoking, nations use e-cigarette taxes. The taxes though have had unintended consequences. Let’s take a look. E-Cigarette Taxes Globally, we have 30 countries that ban e-cigarettes…

Where We Are Sure of Economic Uncertainty

Based on newspapers, stock markets, businesses, and households, economic policy uncertainty metrics can explain the pandemic impact.

Where Video Games Are More Than Play

Seemingly about young gamers and providers China’s video game restrictions were really a message about its economic system.

How the ATM’s Twenty Dollar Bills Affect Us

The Atlanta Fed looked at how we spend our twenty dollar bills to see the ATM’s impact on whether we use cash or debit or credit.

How Did the Pandemic Make Social Security Sicker?

While the financial future of Social Security has been shaky for awhile, now, the pandemic has accelerated the trend.

How the Risks of Investing and Covid Are Similar

Just when we think we have a safe approach to Investing and Covid, our risky behavior increases, thereby making us more vulnerable.