If you've taken any Economic Theory classes in College (or University for you Canadians), you're certainly familiar with the term "Moral Hazard." If you haven't, I'll quickly define it and give you 3 recent examples in less than 500 words. I know most of you are busy this holiday …
Economics
Would You Rather…
Would you rather have to whisper everything you say or always be screaming? Would you rather have a boss you love at a job you hate or a boss you hate at a job you love? Would you rather have your grandma's hair cut or her first name? These are 3 of my favorite "would you rather" scenarios. …
What Causes Inflation?
Sometimes I wish that inflation were a tangible thing so that people would pay more attention to it. Could you imagine the outrage caused by someone stealing money from you every day? I think we would all do whatever it took to prevent this thievery from happening. If we were to dress up this …
The Middle Class Squeeze
"Everyone wants to believe they are middle class...But this eagerness...has led the definition to be stretched like a bungee cord — used to defend/attack/describe everything...The Drum Major Institute...places the range for middle class at individuals making between $25,000 and $100,000 a year. Ah …
The Fiscal Cliff is a Solution, Not a Problem
I know I'm a contrarian by nature, but not usually to this degree. I genuinely believe.. ..America Is Going Off The Deep End Once the media gets a hold of an idea and it enters it's way into everyday conversation, it's either over-hyped or "not as bad as they say." In my opinion, the Fiscal …
Why Our Economy Is In A Catch-22
How would you like to be President? Imagine having a 1-2 year job interview that consists of 300 million people asking you questions. Even though you finished top of your class at Harvard (undergrad) and Yale (law school) you still have to somehow convince people you're the right person for the …
Made in America
My soon-to-be Father-In-Law arranged for Miss Blinkin and me to tour a glass manufacturing plant a few days ago. It may not sound like much, but it was breath-taking. All you have to do is turn on Sweet Home Alabama to learn how glass is made, but since you're probably too scared to click the …
