Macroeconomics

June 18, 2018

How Starbucks Coffee Bean Husks Are Like Perdue Chicken Paws

When previously worthless byproducts like coffee bean husks, chicken paws, and hog snouts became popular, we increased our economic efficiency.

June 15, 2018

A Trade Story With a Happy Ending

Looking at airplane manufacturing through Bombardier's new billion dollar order from Delta, we can see why a multinational supply chain can lower tariffs.

June 13, 2018

The Mystery of the North Korean Economy

Looking at the North Korean economy, economists have to become detectives because the government refuses to share basic statistics.

June 8, 2018

Who Will Care About the Starbucks Price Hike?

When coffee drinkers hear that some prices at Starbucks will rise, their response will depend how how elastic their demand is.

June 5, 2018

Why We Should Apologize to the IRS

Including more people saying, "Where's my refund?" the number of IRS problems has been increasing while its budget has been shrinking.

May 31, 2018

Law and Odor at a North Carolina Hog Farm

You have a regulatory dispute when North Carolina's hog farmers want to use their less costly manure lagoons while neighbors, objecting to the smells, want legal limits.

May 30, 2018

How Certain Central Bankers Became More Friendly

When you look at Norway's new banknotes and their (hilarious) video describing the journey of a cod from the sea to a wallet, you can see that central bankers have become more interesting.