The Dangerous Economist

The Blog of Cyril Morong

Wednesday, November 28, 2007

The Misery Index

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The misery index is simply the inflation rate plus the unemployment rate. The graph below shows how it has changed since 1970. Notice it use...
2 comments:
Sunday, November 18, 2007

Want Kids Immunized? Threaten the Parents With Jail

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Student are supposed to get vaccinated against certain diseases. But what if the parents don't take care of it? Make it costly for them ...
2 comments:
Friday, November 16, 2007

Is Barry Bonds Guilty?

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He has been charged with four counts of perjury and one of obstruction of justice following a four-year investigation into steroids. But wha...
1 comment:
Wednesday, November 14, 2007

Did the Clear Air Act Reduce Crime?

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I talk about the Clean Air Act of 1990 in class and how, like any other regulation, it decreases supply. Any regulation raises costs to prod...
Sunday, November 11, 2007

Another Book Relates Religion to Economics

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The book is Shopping for God: How Christianity Went From in Your Heart to in Your Face by James Twitchell. You can read reviews of it here ...
Friday, November 09, 2007

Employers Want To Know: Which Job Applicants Will Fit In?

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If a prospective employer asks you if you're nice, if you get along with others, are you a team player, etc, you will, of course, say ye...
1 comment:
Wednesday, November 07, 2007

Has the Minimum Wage Kept Pace with Inflation?

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The first federal minimum wage was set in 1938 at $0.25 per hour. As of this past July, it went up to $5.85. It will go up to $6.55 next Jul...
Sunday, November 04, 2007

What is the Inflation Rate?

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It may not be as obvious as you would think. The CPI was 207.917 in August and 208.490 in September. The 208.49 means that what cost $100 in...
3 comments:
Friday, November 02, 2007

Millionaires Are Regular Folks

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It seems like they work hard and don't want to show off too much. Here are the first two paragrahps from an article titled More U.S. mil...
Wednesday, October 31, 2007

Taco Bell Gives Away "Free" Tacos, Problems Arise

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Maybe you heard that if a player stole a base in the World Series, Taco Bell would give away a free taco to anyone who wanted one on Tuesda...
1 comment:
Sunday, October 28, 2007

Are Rock Stars "Selling Out?"

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With revenue from the sales of recordings down in recent years, rock stars are looking for other ways to make money. Sales of CDs are down b...
2 comments:
Friday, October 26, 2007

Are Chimps More Rational Than Humans?

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Seems hard to believe. But an experiment suggests it. The article is Chimps choose more rationally than humans . My student BRUNO MEJIA sent...
Wednesday, October 24, 2007

Moral Hazard and the Housing Crisis

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When economists use the term "moral hazard" they mean the fact that when people buy insurance, they might not be as careful as the...
1 comment:
Sunday, October 21, 2007

Want to make $60 an hour? Stand in line for a lobbyist, while its still legal

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Lobbyists in Washington are very busy and their time is valuable. So they don't want to wait in line to get a good seat at a Congression...
1 comment:
Friday, October 19, 2007

When Women Earn More Than Men, Is Dating Affected?

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The New York Times had an articled titled Putting Money on the Table on Sept. 23. It seems that problems arise when a women makes alot mor...
Tuesday, October 16, 2007

The Worst Jobs for the 21st Century

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That's the title of an article from Forbes, which you can read here . It tells us which jobs are expected grow faster in number than ave...
Sunday, October 14, 2007

What has happened to wages and employment since NAFTA went into effect?

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The San Antonio Express-News had an article on this in today's paper called More jobs, higher pay in years after NAFTA . I highly reco...
Friday, October 12, 2007

Is It Too Easy For Students To Get Credit Cards?

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It seems that college students are inundated with credit card offers. Some of these cards have fine print which show, for example, that if y...
1 comment:
Tuesday, October 09, 2007

More Proof That Tradeoffs Are Everywhere: Blind People Don't Like The New, Quiet Hybrid Cars

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How could anyone not like hybrid cars? They use less gas so there is less pollution and we conserve on a scarce resource. But they are so qu...
Sunday, October 07, 2007

Will the Rising Use of Student Loans Hurt the Economy?

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There is an interesting article by Marcy Gordon of the Associated Press called Student loans sow seeds of economic ills . The amount of mone...
1 comment:
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About Me

Cyril Morong
I am a retired economics professor. My email address is cyrilmorong@sbcglobal.net
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