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Alcohol, Marijuana or Tobacco: Which is Most Harmful?
When government miscalculates the negative externalities of substances like marijuana and alcohol, they waste land, labor, capital, time and money.
The Cost of Curing Different Diseases
Whether health insurance or individuals pay for healthcare, treatment decisions relate to the opportunity cost of using the time, money and resources.
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.
Weekly Roundup: From Slow Shopping to Fast Shipping
Our everyday economics include consumption expenditures, Pigovian taxes, variable pricing,economies of scale, unskilled labor, national income and the money supply.
How the Fed Solves the Old Money Problem
Part of keeping the money supply at the right level involves the Fed monitoring the paper money that enters circulation and recycling cash that leaves it.
How Much Would Santa Earn If We Paid Him?
If they tried to include the work that moms and dads do at home, national income accounting statisticians would have a tough time quantifying unpaid work.
The Seven Ways We Pay For Free Parking
Including congestion, wasted gas, time and emissions, cheap parking creates negative externalities that variable pricing of parking spaces can eliminate.
Weekly Roundup: From Old Age to Old Signatures
Our Posts Roundup Sunday 12.14.14 The mystery of the missing magazines…more Monday 12.15.14 Where Italian needs a connection…more Tuesday 12.16.14 Which movie stars live longer…more Wednesday 12.17.14 The Christmas music list that keeps repeating…more Thursday 12.18.14 How a signature…
Why Russians Are Rushin’ to Buy Porsches
Rather than saving during tough economic times, the Russians are spending because the ruble is displaying fewer characteristics of money.