Government

November 7, 2014
Weekly economic news roundup and marijuana update
Published by Elaine Schwartz at November 7, 2014
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Four Ways to Understand Marijuana Demand

With an increasing number of states legalizing marijuana, demand is shifting because of changes in utility, complementary products and the number of buyers.

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November 4, 2014
financial regulation
Published by Elaine Schwartz at November 4, 2014
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The Benefits of Perpetual Federal Debt

Very long term federal debt that has no date for redemption like UK First World War bonds and U.S. Revolutionary War debt depend on good public credit.

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October 27, 2014
empty sports stadium
Published by Elaine Schwartz at October 27, 2014
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The Reason Norway Said No to the Olympics

Because host countries for the Olympics and World Cup spend too much on new stadiums, their subsequent return on investment (ROI) is usually inadequate.

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October 26, 2014
Everyday economics: A misery index number conveys the potential distress created by unemployment and inflation.
Published by Elaine Schwartz at October 26, 2014
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An Economist’s Definition of Misery

While a misery index shows a nation's inflation and unemployment rates, the eurozone's high unemployment might create disproportionate unhappiness.

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October 16, 2014
aging population pyramids
Published by Elaine Schwartz at October 16, 2014
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The Best Places For Growing Old

With populations growing older in the developed world, their wellbeing might affect the GDP growth rate because of the expense of their care.

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October 2, 2014
The banks and insurance companies are financial intermediaries that avoid legal marijuana business.
Published by Elaine Schwartz at October 2, 2014
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Marijuana Money Problems

Colorado's marijuana growers and dealers are wasting resources because banks and insurance companies will not act as their financial intermediaries.

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September 30, 2014
Everyday economics and Increased demand, less physician supply and a price ceiling for Medicaid explain why we have network inadequacy.
Published by Elaine Schwartz at September 30, 2014
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A Solution for Too Few Doctors: More Patience

Decreases in supply, increases in demand and legislative price ceilings are resulting in "network adequacy" problems for U.S. healthcare systems.

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September 28, 2014
Everyday economics for government pension plan
Published by Elaine Schwartz at September 28, 2014
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When You Can Expect to Be Most Creative

Knowing about how and when creative people achieve optimal productivity is important because of the connection between human capital and economic growth.

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September 14, 2014
It would be beneficial for households and national economic growth if the U.S. saving rate were raised.
Published by Elaine Schwartz at September 14, 2014
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The Nudge Toward a Goldilocks Savings Rate

We need to raise the low U.S. savings rate with new incentives like a lottery on savings deposits because households and business investment need savings.

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August 31, 2014
A NASA satellite image of the world's night lights conveys economic information about developed and developing countries.
Published by Elaine Schwartz at August 31, 2014
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Bedtime Stories… About the Economy.

From statistics and a satellite image of the world at night, we can see that developing countries lack the electrification they need for economic growth.

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August 29, 2014
Weekly Economic News Roundup and airplane seat
Published by Elaine Schwartz at August 29, 2014
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Solving the Airplane Seat Problem

According to Ronald Coase, if reclining in an airline seat creates a negative externality, both parties can negotiate because the transaction costs are low.

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August 28, 2014
Starbucks tall latte index
Published by Elaine Schwartz at August 28, 2014
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The Path of the Shifting Center of Global Economic Power

Led by Chinese economic growth and other emerging markets, the center of economic gravity is moving eastward from the developed world to Asia.

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