Because of a wonderful orange juice scam in “Trading Places,” the Eddie Murphy Rule wound up in the 2010 Dodd-Frank financial regulation act.…
Why Your Inflation Rate is Different From Mine
Although the BLS reports the CPI (Consumer Price Index) inflation rate each month, our own household could see different price changes.…
The Cash We Love to Stash
Although going cashless seems to be a trend, we are printing more $100 bills for people in the U.S.and elsewhere in the world.…
Where Cash (sort of) Rules
Like Mark Twain saying, “The reports of my death have been greatly exaggerated,” non-cash payments have not eliminated currency.…
Your BBQ and the Fed
With the cost of yesterday’s Memorial Day BBQ almost the same as last year, the Fed has minimal inflation evidence on which to base its next rate hike.…
One Way That Economists Measure Misery
A yardstick that combines inflation and unemployment, the Misery Index is a handy way to assess economic happiness but like all statistics, it has defects.…
The Fed’s Inflation Mystery
Usually Federal Reserve interest rate hikes should control inflation but now it is mysteriously missing, even with low unemployment.…
Weekly Roundup: From Affluent Mates to Successful Names
Our everyday economics includes tradeoffs, deposit insurance, supply chain, bias, human capital, income inequality, marriage markets and Federal Reserve.…
The Data Leaks That Move Markets
In financial markets, data security relates to the timing of data releases because premature releases or leaks unfairly favor one group of investors.…
Pondering the Bunker Hill Theory of Inflation
As the source of monetary policy, the Federal Reserve has to decide if interest rates should rise when inflation is low but a jobs recovery has begun.…