Higher Prices at the Gas Pump

Sometimes 25 cents at the gas pump can make a huge difference. Economist James Hamilton explains why with his “rough rule-of thumb” correlation between the price of crude and gas at the pump. When crude increases by $10 a barrel,…

More Soda Wars

If you lived in Richmond, California, would you vote yes or no for their proposed soda tax? The tax is unusual because it does not charge people at the register. Instead, retailers would have to pay a license fee that…