International Trade

December 28, 2014
Everyday econ omics and the metric switch
Published by Elaine Schwartz at December 28, 2014
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Why the Metric Switch is so Tough

The expense and complexities of switching to the metric system have prevented the change, and have affected how standard weights and measures help globalization.

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November 30, 2014
Everyday Economics — Oil stories
Published by Elaine Schwartz at November 30, 2014
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Three Graphs That Tell the Whole Oil Story

Following the law of supply, U.S. shale oil firms will lower output because OPEC is letting price plummet but airlines on demand side like lower prices.

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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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September 24, 2014
Everyday Economics of the iPhone 6 supply chain
Published by Elaine Schwartz at September 24, 2014
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What Do iPhones and Pencils Have in Common?

Whether looking at the supply chain for a pencil or an iPhone 6, we see globalization because price system incentives create cooperation.

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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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August 12, 2014
Everyday Economics: The Contents of Refrigerators, Supply and Demand, and Global Markets
Published by Elaine Schwartz at August 12, 2014
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What Refrigerators Can Tell Us About Global Markets

In refrigerators in developing nations, we can see the impact of affluence on their diet and on supply and demand that will change worldwide food prices.

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August 11, 2014
weekly economic roundup and pension income systems
Published by Elaine Schwartz at August 11, 2014
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Will You Get Your Social Security Benefits?

The 2014 Social Security Trustees Report says that after we deplete the remains of the program's trust funds in 2033, payroll taxes will not provide all promised benefits.

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July 31, 2014
Violating the sanctity of contracts, Argentina has again defaulted on her sovereign debt and diminished her ability to borrow.
Published by Elaine Schwartz at July 31, 2014
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Argentina's (Long) Default History

With Argentina again defaulting on her sovereign debt, she is violating the sanctity of contracts and lessened her borrowing ability at home and globally.

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July 4, 2014
Weekly Economic News Roundup and economic independence from Alexander Hamilton
Published by Elaine Schwartz at July 4, 2014
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Celebrating Economic Independence

Yes, the United States declared independence from Great Britain on July 4, 1776 and won the American Revolutionary War. But still, we were not truly independent. George Washington’s Secretary of […]

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April 27, 2014
In Russia now, and 35 years ago in the US, stagflation is a tough problem.
Published by Elaine Schwartz at April 27, 2014
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When Did We Get “Tough Love” From the Federal Reserve?

Demonstrating Russia’s current plight, this graph so perfectly illustrates stagflation: When GDP sinks and inflation increases, the stagflation that results is tough to cure. If monetary […]

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