Thursday, December 26, 2013

What Do Bonanza, Charles Dickens And Copyright Laws Have In Common?

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In an episode of the TV show from 1963, Dickens came visited Virginia City and discovered his copyrights were being violated. So he proteste...
Wednesday, December 18, 2013

Trade Weighted U.S. Dollar Index: Major Currencies (TWEXM)

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This is from the St. Louis Federal Reserve Bank. Click here to go the site 2013-12-11: 76.248 Index March 1973=100 ...

Why Economics Is Really Called 'the Dismal Science'

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Click here to read this great article by Derek Thompson in The Atlantic . The real reason is not the one which has been traditionally taught...
Wednesday, December 11, 2013

Students March In The Streets, Demanding That Deadweight Loss Be Eliminated!!

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I sometimes joke in class that students are marching in the streets and shouting "What do we want? Maximized Social Welfare! When do ...
Thursday, November 28, 2013

The Pyschology & Economics Of Decision Making Under Uncertainty (With Snoopy's Version From 1966)

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See You’re So Self-Controlling by MARIA KONNIKOVA. From the 11-16 NY Times. She has a Ph. D. in psychology from Columbia University and is ...
Tuesday, November 26, 2013

Oil-rich Midland, TX is nation’s fastest growing metro area, with highest per-capita income in the country at $83,000

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Great post from economist Mark Perry (his blog is called "Carpe Diem") "The Bureau of Economic Analysis (BEA) released dat...
Thursday, November 21, 2013

The Dalai Lama Says It Is Sometimes OK To Be Selfish

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And of course, Adam Smith said when people act selfishly they are led, as if by an invisible hand, to make society better off. So when mig...
Tuesday, November 19, 2013

Internet Kills the Video Store

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Blockbuster, Outdone by Netflix, Will Shut Its Stores and DVD Mail Service Click here to read this NY Times story by Brian Stelter . Excer...
Friday, November 15, 2013

If It Pays To Have Friends, Can You Pay To Have Friends?

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I know, it sounds like Yogi Berra doing an Aflac commercial. But there were two related news stories this week. One was The boyfriends you c...
Thursday, November 14, 2013

Was The October Jobs Report Really Good News?

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See October surprise: Job gains soar to 204,000 . It seems like most news reports said that the 200,000 added jobs was good news in view of ...
Thursday, November 07, 2013

Is The Old Comic Book Market A Ponzi Scheme?

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See Those Comics in Your Basement? Probably Worthless . It seems like the forces of supply and demand have greatly reduced the price of most...
Tuesday, November 05, 2013

eHarmony To Provide Personal Counselors To Help You Find Mr. Or Ms. Right

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But there's a catch: it will cost you $5,000. See For $5,000, dating site will be your wingman: Premium eHarmony service will pre-screen...
Friday, November 01, 2013

How Does The Price Of Gas In San Antonio Today Compare To A Year Ago?

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See Falling gas prices in S.A. now below $3 . I saw $2.92 last Saturday (I think it was in New Braunfels). Excerpts: "A year ago, the...
Thursday, October 31, 2013

Is It Okay To Use An App To Bribe Someone Into Going On A Date?

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See Is Carrot Dating, the Bribe-Based Dating App, Really So Bad? . The author, Daniel Stuckey, suggests it is just an electronic means of do...
Thursday, October 24, 2013

Will A Tax On Junk Food Help Mexico Fight Obesity?

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See Mexico Tries Taxes to Combat Obesity by Amy Gutrie, WSJ, 10-18-13. This chart illustrates the issue.  Excerpts: "The Hous...
Friday, October 18, 2013

The Texas Economy Is The Time Magazine Cover Story This Week

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See Does Texas portend the future of the United States? by George Mason University economics professor Tyler Cowen. Here is the excerpt he ...
Tuesday, October 15, 2013

The $100 Bill Is Getting More Expensive

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More expensive to produce, that is. Click here to find out how much more and why
Thursday, October 10, 2013

The Biggest Cost Of The Government Shutdown

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See Government shutdown side effect: no new craft beers by Carrie Antlfinger and Todd Richmond of the Associated Press. Excerpt: "Th...
Tuesday, October 08, 2013

Some Good Economic News

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No, really, I'm not kidding. See A Way of Life Is Ending. Thank Goodness by NICHOLAS D. KRISTOF of the NY Times. Excerpts: "The...
Thursday, October 03, 2013

Today Is An Important Economic Anniversary

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Click here to read all about it