Learn With Elaine: Ketchup Packet Shortages

One of many supply and demand problems during the coronavirus pandemic, ketchup packet shortages hit homes, bars, and restaurants.

Where Housing Prices Are Going Through the Roof

Whether looking at lumber or houses, we see a housing boom that is an example of classic supply and demand.

Where An Online Collectible is Worth $69 Million

Using V-bucks, Fortnite players accumulate the skins that make look alike video characters more unique. One thousand V-bucks could cost close to $9.99. Below, you are looking at a rare skin:   Similar and yet very different, another online collectible…

What Economists Say About the Minimum Wage

The night before President Roosevelt signed the law that established the first federal hourly minimum wage, he warned in his fireside chat that we should, “…not let any calamity-howling executive with an income of $1,000 a day, …tell you…that a…

Where to Find a Higher Minimum Wage

Traveling around the United States, you would see a minimum wage that varied from state to state and among different cities.

How Dating Markets Have Changed

As they replace the traditional ways that couples meet each other, onlne dating markets are reducing the role of friends and family.

What Our Labor Day Cookout Might Be Missing

Hit by less supply and more demand, our Labor Day cookouts will suffer from hot dog shortages and higher prices.

When a Carbon Tax Proposal Is Like Goldilocks

In his new book, climate activist Bjorn Lomborg presents a controversial carbon tax proposal that could remind us of Goldilocks.

The Pandemic’s Pepperoni Problem

In addition to Dr. Pepper and toilet paper, we now can place pepperoni shortages on a list of the products that have been hit by the pandemic.

What an Oil Boom and Bust Do to a Town

Sometimes like a roller coaster, the change in prices that cause an oil boom and bust can transform drilling towns and cities.