Macroeconomics

December 21, 2017

Why We Give The Wrong Gifts

When we receive presents that disappoint us, gift giving creates deadweight loss that diminishes the economic boost from holiday spending.

December 18, 2017

Why China Wants To Be Called a Market Economy

A year ago, China filed a formal complaint with the World Trade Organization (WTO). Targeting the European Union and the United States, China’s goal was to […]

December 13, 2017

Why a Starbucks Christmas Tree Frappuccino Has a Brief Life

The Christmas Tree Frappuccino had a short life. It was here Thursday and gone Monday. But Starbucks had a good reason. Frappuccino History The Christmas Tree […]

December 10, 2017

The Economic Yardstick That (We Don’t Know) We Need

Please think GDP for a moment. Reported and revised during each quarter, GDP numbers create a reaction. If the growth rate is high, lawmakers assume their […]