Posts Tagged ‘supply’

  • Big Macs and Currency Manipulators

    Oct 24, 12 • 608 Views • No Comments

    In China, a Big Mac costs close to the equivalent of $2.44. That same burger in the US is $4.20. The basic idea is PPP, purchasing power parity. The dollar can buy more when the yuan is undervalued. And President Obama and Governor Romney have both indicated......  [read more]

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    Nobel Matchmakers

    Oct 17, 12 • 730 Views • No Comments

    One of the first calls a new Nobel Prize winner might get is from Adam Smith, editor of As you might expect, hearing his name, people initially wonder if the call is for real. Usually Mr. Smith does a quick interview and sometimes, if the......  [read more]

  • Looming Worldwide Pig Shortage

    Pork Problems

    Sep 28, 12 • 464 Views • No Comments

    Announcing the cancellation of this year’s bacon eating contest, Major League Eating (“the world body that governs all stomach-centric sports’) said,  “We cannot, in good conscience, allow [top ranked eater] Joey Chestnut to eat bacon......  [read more]

  • Chinese Consumers and Fresh Apples

    Fresh Apple Demand

    Sep 27, 12 • 588 Views • No Comments

    Again we connect to China with an apple but this time it’s the fruit. As incomes rise, so too has fresh fruit consumption in China. In addition to buying pork and owning dogs, consuming pecans and carrying Coach purses, an increasingly affluent Chinese......  [read more]

  • Singapore's Expensive VW Passats

    Singapore’s Pollution Solution

    Sep 25, 12 • 534 Views • No Comments

    When a country’s economy is ranked the 2nd freest in the world, how do they manage auto congestion and pollution? By auctioning a limited number of vehicle permits, Singapore makes owning a car very expensive. A VW Passat in Singapore could cost as......  [read more]