Weekly Roundup: From Songwriters to the Superrich

Our weekly roundup includes how productivity affects music industry writers, the surprising impact of cheap oil and how tech shapes what the superrich earn.

Weekly Roundup: From Steak Patents to Marijuana Taxes

Our everyday economics includes behavioral economics, trade barriers, taxes, entitlements, externalities, intellectual property and industrialization.

Why the Social Security Crisis Has Begun

Caused by aging baby boomers, expanded criteria and the remnants of the great recession, SSDI entitlement spending is approaching insolvency.

Weekly Roundup: From Fake Stats to Slippery Glue

Our Posts Roundup Sunday 3.22.15 The bundles that make life pleasant…more Monday 3.23.15 Where American cars are made…more Tuesday 3.24.15 What March Madness really represents…more Wednesday 3.25.15 Why Sunday shopping matters…more Thursday 3.26.15 Making ketchup that glides…more   Friday 3.27.15 How…

The Dangerous Side of Economics

Because he revised his country’s inaccurate deficit and received Eurostat approval, Greece’s chief statistician might be prosecuted for “breach of faith.”

The Reason For Our Chocolate Problem

The chocolate deficit is a supply and demand story with weather and fungus problems on the supply side and demand up from developing nations.

The Federal Budget: Young Workers and Old Baby Boomers

If the proficiency scores of US workers are low and the safety net spending for baby boomers is high, then we have what Barron’s calls the “baby boom budget bomb.” In a just-released report, the Organization for Economic Cooperation and…

The CPI: Social Security COLAs

Our story starts with Ida Mae Fuller. At 65, in 1940, Ms. Fuller got the first US monthly Social Security retirement check for $22.54. In 1941, she got $22.54 each month. In 1942, 1943, and 1944 she still got her…

Tax Increases: Yacht Lessons

Called a fairness issue, proposed corporate jet tax increases have been described as an offset to poverty program cuts. However, supporters of the taxes might be disappointed. Some history… The Omnibus Reconciliation Budget Act of 1990 included a luxury tax…

The Federal Budget: Sequester Déjà Vu

Today’s sequester is not the first. Just like now, in 1985, cutting the deficit was popular…in theory. The question, though, was how to get legislators to do it. The answer was Gramm-Rudman (aka the Gramm-Rudman-Hollings Act or the Balanced Budget…