Why We Want Higher Face Mask Prices

Rather than gouging or profiteering, higher prices are best described as the incentives we need to boost the world’s face mask supply.

What Chipotle Says About Its Avocados

Investors have been told that Avocado prices are nudging food costs up at Chipotle. At the end of last March, aggressive demand and lower supply from California made avocados more expensive. In its most recent Annual Report, the company even…

Three Graphs That Tell the Whole Oil Story

Following the law of supply, U.S. shale oil firms will lower output because OPEC is letting price plummet but airlines on demand side like lower prices.

Peanut Butter Economics

Last year, we had a peanut shortage. As a result, Skippy raised its prices and Smucker’s removed its reduced-fat creamy peanut butter spread from supermarket shelves. But now, supply has responded. Predicting a record year, the USDA says the peanut crop will…

Venezuela’s Economic Problems

Venezuela has 2 basic economic problems: The law of supply: Because price and quantity move in the same direction, if price goes down, then producers provide less. This takes us to Venezuela’s 27.1% inflation rate. President Hugo Chavez responded by…