econlife on ‘Thinking Economically’

Much more than money, economics is about tradeoffs. Thinking economically involves cost and benefit, marginal analysis and seeing that there is no free lunch. Econlife tries to convey the perspective that is the foundation of economics that helps people make decisions personally, professionally and as voters.

  • Can Less Become More for the Federal Reserve?

    Feb 1, 10 • 102 Views • Thinking EconomicallyNo Comments

    Econ talk lecture (January 11, 2010) http://www.econtalk.org/archives/2010/01/belongia_on_the.html Michael Belongia, University of Mississippi economics professor (and past St Louis Fed ecoonmist) interviewed by Russ Roberts It was a good interview. (a little...

  • J.D. Salinger and the Estate Tax

    Jan 31, 10 • 136 Views • Thinking EconomicallyNo Comments

    Reading J.D. Salinger’s obituary, I thought about the estate tax and then beyond to a Mark Helprin interview last June. Have you wondered, with the 2010 suspension of the estate tax (called by some the “Throw Momma From the Train Act”), what...

  • A Very Expensive Traffic Ticket

    Jan 30, 10 • 110 Views • Thinking EconomicallyNo Comments

    Recently, in eastern Switzerland, an affluent driver who was exceeding the speed limit by more than 35 miles an hour received a ticket. The ticket sounds like a predictable penalty; the fine, however, was not. The fine totalled $290,000 because it was based...

  • The FCIC Sounds Good

    Jan 29, 10 • 116 Views • Thinking EconomicallyNo Comments

    Reading Dr. Ed’s Morning Briefing (a great newsletter from Ed Yardeni–the 1/13 briefing), I was encouraged to hear about a member of the new Financial Crisis Inquiry Commission (The new FCIC website is at www.fcic.gov). One of eight commissioners...

  • Tiny Taxes…Big Results

    Jan 28, 10 • 90 Views • Thinking EconomicallyNo Comments

    Journalists discussing the D.C. bag tax think they are on to something. 1.The small tax has a better chance of being passed. Seattle refused to accept a $.20 bag tax. D.C. said $.05 was okay. 2. Because of the tax, people perceive bags entirely differently....