Posts Tagged ‘tariffs’

  • A washing machine's price affected by WTO trade disputes.

    A Trade Dispute About My Washing Machine

    May 29, 14 • 1335 Views • No Comments

    I suspect that my new LG washing machine was more expensive than it should have been. Made by a South Korean firm, this washing machine (and others like it) was the target of a complaint that Whirlpool filed with the US Department of Commerce at the end of......  [read more]

  • Downton Abbey Economics

    What Can We Learn From Downton Abbey Economics?

    Feb 16, 14 • 835 Views • No Comments

    Downton Abbey can tell us a lot about the British economy…but not everything. We know the aristocracy is struggling. Many of the 700 families who had controlled 80% of all acreage during the 1870s faced financial collapse 50 years later. We saw at......  [read more]

  • Tax Revenue

    Income Tax History: Timeless Issues

    Apr 16, 13 • 515 Views • No Comments

    In 1789, Benjamin Franklin said that “…in this world nothing is certain but death and taxes.” With taxes, we can also be certain that the system will be complex and people will question its fairness. Complexity: Because professional athletes......  [read more]

  • Big Macs and Currency Manipulators

    Oct 24, 12 • 677 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]

  • US Chicken Paw Exports to China

    Playing Chicken With China?

    Sep 19, 12 • 890 Views • No Comments

    Yesterday’s headlines about the US taking China to the World Trade Organization (WTO) for unfair auto and auto parts subsidies took me to chicken feet and The Economist’s Sinodependency Index. Knowing the major firms that depend on China for......  [read more]