This article was originally published in the Economic Forces newsletter. With higher rates of inflation in the news, I have been thinking a lot about how we measure inflation and how the general public talks about inflation. Price theory is all about relative prices. Sometimes the “all else equal” assumption in economics masks this idea.
Even the most passionate history lover could be forgiven for not knowing much about Martin Van Buren — at least beyond the origin of “OK.” Time Magazine labeled him as one of America’s 10 most forgettable Presidents, and C-SPAN’s 2021 Presidential Historians Survey ranked him as America’s 34th best President, putting Van Buren far closer
Who’s Still Buying Fossil Fuels From Russia? Despite looming sanctions and import bans, Russia exported $97.7 billion worth of fossil fuels in the first 100 days since its invasion of Ukraine, at an average of $977 million per day. So, which fossil fuels are being exported by Russia, and who is importing these fuels? The infographic below, via Visual Capitalist’s
Visualizing The Elemental Composition Of The Human Body The human body is a miraculous, well-oiled, and exceptionally complex machine. It requires a multitude of functioning parts to come together for a person to live a healthy life—and every biological detail in our bodies, from the mundane to the most magical, is driven by just 21
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During an interview with CBC Radio’s The House, Prime Minister Trudeau talked about the unvaccinated and Canada’s vaccine mandates. “It was their choice and nobody ever was going to force anyone into doing something they don’t want to do,” Trudeau said about people who aren’t vaccinated against COVID-19. “But there are consequences when you don’t,” he continued.
Here is a jaw-dropping report out of Bloomberg. President Joe Biden’s nominee for a top post at the Justice Department intends to sell her remaining $14.5 million stake in a company her father chairs, amid questioning about a report the company – Avantor – sold chemicals diverted by Mexican drug cartels to make heroin. Vanita Gupta made
For years, the signs were everywhere for those who could see it. Governments aren’t prepared to deal with systemic crises, and when the Federal Reserve pumped massive amounts of liquidity into the banking system – first in 2008-2009 and then again in 2020 – this was a short-term fix that was bound to have long-term
Fox News host Bret Baier compared Tuesday’s Jan. 6 testimony to Watergate. CLICK HERE TO LEARN ABOUT PATRIOT MOBILE – AMERICA’S ONLY CONSERVATIVE CHRISTIAN WIRELESS CARRIER. Baier’s comments come after Cassidy Hutchinson, a former Whitehouse aide, brought new testimony accusing former President Trump, among other things, of lunging at a Secret Service agent for not