Posts Tagged ‘opportunity cost’

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    Too Safe?

    Sep 13, 11 • 500 Views • No Comments

    Assume for a moment that you have to decide whether to install body scanners at every airport in the U.S. Knowing a decision to proceed will make everyone safer, you say, “Yes.” But, what if you first were told that there was a 1 in 3.5 million......  [read more]

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    Can We Afford to Change the US Postal Service?

    Sep 12, 11 • 512 Views • 1 Comment

    There are so many reasons not to change the US Postal Service. For tough to reach rural communities, post offices are conveniently located. For homebound elderly, 6-day dependable prescription delivery is crucial. USPS workers have been promised generous......  [read more]

  • An Upward Dow Helps an Incumbent President

    Interesting Debt Facts

    Jul 26, 11 • 381 Views • No Comments

    1. China and the Social Security Trust Funds have more in common than you would expect. The public has purchased $9 trillion of U.S. debt. China holds $1.1 trillion of the publicly held total. The U.S. government bought $4.6 trillion of its own debt. The......  [read more]

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    Amazon vs. California

    Jul 17, 11 • 516 Views • No Comments

    According to the Seattle Times, in 1996, Amazon’s CEO, Jeff Bezos said, “You have to charge sales tax to customers who live in any state where you have a business presence. It made no sense for us to be in California or New York.”......  [read more]

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    A Corn Price Surprise

    Jul 7, 11 • 512 Views • No Comments

    Interesting how real life can imitate economics. You know how corn prices have been soaring? Well, farmers responded just like they read an econ textbook. They increased supply. One tradeoff?  A smaller soybean crop. Here are the headlines. You can see......  [read more]