The Newest Battle in the Washing Machine Trade War

The U.S. tariffs that target South Korean washing machine imports have created new incentives on the supply and demand sides of the market.

A Trade Dispute About My Washing Machine

I suspect that my new LG washing machine was more expensive than it should have been. Made by a South Korean firm, this washing machine (and others like it) was the target of a complaint that Whirlpool filed with the US Department…

The GDP and Happiness

Yesterday’s post about the impact of individual wealth on happiness started me wondering about flush toilets, washing machines, and cars. As our nation became wealthier and produced more goods and services, how did that affect our happiness? To get some…