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November 13, 2014

Should Water Be Free?

Although protestors in Detroit and Ireland say water is a human right, economists, citing a definition of a public good and a tornado alarm, would disagree.

November 10, 2014

The Difference That a Sticker Makes

Because "I Voted" stickers indicate voting is a social norm, like paying taxes or saving electricity, people are more likely to act like their neighbors.

November 7, 2014

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.

November 4, 2014

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.

October 30, 2014

Is Ebola Threatening the Price of Chocolate?

While Ebola fear caused raw cocoa futures prices to rise in September, its long term rise has been because of more demand from developing nations.

October 29, 2014

How Chinese Economic Growth Relates to Restaurants and Pilots

China might not fuel world economic growth if instead of a 7 percent real GDP growth rate forecast, we use a regression to the mean of 3.9 percent.