How the World’s Most-Consumed Liquor Changed the Corn Market

Because of supply and demand in the U.S. and the world, U.S. farmers are planting less corn and more soybeans and sorghum.

One Reason That Chocolates Are More Expensive

In an econlife post from September 2013, we presented a spending ladder that emerging market nations like the BRICs–Brazil, Russia, India, China–might climb. At each rung, spending surges and then flattens at that higher level until consumers can afford to climb…