President Trump is a renegade for a number of reasons, including wishing the haters and losers a Happy Thanksgiving on Twitter. But he has been shockingly consistent throughout his life in his opposition to trade. It’s not that he’s opposed to free trade, he says, but that he wants “fair” trade. He wants to bring American jobs back. Continue reading “Why We Trade What We Trade”
In lieu of the most nationalistic, err… patriotic, holidays of the year, let’s celebrate the Fourth of July by diving into this year’s EconIcon –Trump’s economic trade advisor, Peter Navarro.
The first day of class is always nerve-racking. You can typically tell within the first few minutes how the rest of the semester will go. If the professor cracks some jokes, hands out the syllabus, and lets you out early, then you’ll probably be in for a good next few months. Other times, your worst fears come true when the professor hands out the syllabus and then proceeds to lecture for the remaining two and a half hours. Continue reading “Do We Talk So Good or Sowell?”
Dogs may not see the gains from trade like humans. Though, like humans, as they engage with other dogs (and humans), they end up figuring it out on their own. Continue reading “Doggonomics: The Gains from Trade are not Taught, They’re Discovered”
The dog days of summer are fast approaching. Even from my air-conditioned office cubicle, I can feel the temperature outside rising – and my productivity levels decreasing with each additional degree. But I’m looking forward to the heat for more reasons than just excuses to borrow my friend’s pool. As the dog days of summer approach, I literally see more dogs out and about when I go outside. As a dog-deprived graduate student, this is the time of year that I live for. In addition to creeping on the dogs of D.C., I am constantly obsessing over my friend’s dogs. Whenever I see my friends’ puppies, I’m always amazed at the dramatic amount of change that has occurred since I saw them last. It’s a truly incredible phenomenon how quickly puppies seem to grow when you only see them in discrete time intervals! Living with a pup that you interact with on the daily, however, you barely notice the change. Continue reading “Ready To Risk It All Part II, Continuous Processes”
If you mosey on over to Selena’s Instagram page, you’ll see that she is sporting a ton of Puma gear. According to E! News, she signed a two year deal worth over $30 million. Kim Kardashian is another all-star advertiser earning $500,000 per post. Cristiano Ronaldo carries a whopping 104 million followers and also cashes in at around $400,000 per sponsored post.
Ask the average person about her smartphone, and the odds are better than even that she’ll be able to recite the make, model, and salient features such as battery life and camera quality. She may even be in a position to rank the phone relative to other handsets and to make a recommendation as to whether it offers good value for money. Continue reading “Do Financial Regulations Decrease Financial Literacy?”
Imagine what your life could be like if for any situation you could enjoy the upside without suffering any of the downside. Say you love the color yellow, but it totally washes out your skin tone. Or, perhaps you really want to Keep Up With The Kardashians but unfortunately there aren’t enough hours in the day to follow the entire family’s Instagram accounts. It seems like all choices we have in life have a downside, but what if I told you that in financial markets there are contracts with no downside? No, I’m not trying to sell you timeshares. I’m talking about options pricing. Continue reading “Ready To Risk It All Part I, Options Pricing”
My friends are the worst! This past Memorial Day weekend, my three roommates decided to treat themselves to a trip to Founding Farmers and indulge in some dessert. Their decision was fairly spontaneous, which meant I already had previous plans. Determined to make me regret my choice, throughout the afternoon they sent me picture after picture of their desserts. Continue reading “Cake, To-Go Boxes, and Diminishing Marginal Returns”
The economic landscape of the United States has changed dramatically since the 1960s. Especially, in the arena of fatherhood. Continue reading “Changing Landscape for Dads”