Posts Tagged ‘Great Depression’

  • High Gas Price Control

    The Reason the Price of Gasoline Has That 9/10

    Apr 19, 14 • 412 Views • No Comments

    If you asked me how much I pay for gas, I would say $3.49 a gallon. Actually, though, the sign says $3.499. And that means, because the gas station rounds up, I am paying $3.50.  Doesn’t $3.50 sounds like a lot more? The 9/10 of a cent story begins in...  [read more]

  • Monetary Policy: QE Insight

    Jun 25, 13 • 321 Views • No Comments

    At a 2002 conference honoring Milton Friedman on his 90th birthday, then Federal Reserve Governor Ben Bernanke concluded his remarks with… “Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you,...  [read more]

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    Human Capital: The Year You Were Born

    Feb 26, 13 • 272 Views • No Comments

    Your human capital might be affected by your birth date. In Outliers, Malcolm Gladwell suggests that children born during the Great Depression had an advantage. Economic contraction meant couples had fewer babies. A cohort with fewer children, 1930s babies...  [read more]

  • Affecting the cost of animal feed and lowering the amount of milk from cows, the drought is pushing up milk prices.

    Finding A Better Whey

    Nov 15, 12 • 352 Views • No Comments

    When I enjoy Mt. Tam Cowgirl Creamery Cheese (It’s great!) from California, I never think about 4b. Actually, until yesterday, I never heard of California’s “Class 4b” milk regulation. “Class 4b,” a part of our...  [read more]

  • The Fed Debate

    Sep 5, 12 • 370 Views • No Comments

    10 years ago, the future Federal Reserve Chairman Ben Bernanke said to Nobel laureate Milton Friedman, “Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.” What...  [read more]