Why We Trade What We Trade

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”

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Will the Supposed “Next Babe Ruth” Shohei Ohtani Defy Economics? Probably not.

Shohei Ohtani is a twenty-three year old Japanese baseball player. He possesses a fastball that tops 100 MPH and hitting power that promises home runs in bunches. He signed this winter with the Los Angeles Angels after four years of wild success playing as both a pitcher and hitter in Japan. Continue reading “Will the Supposed “Next Babe Ruth” Shohei Ohtani Defy Economics? Probably not.”

Bernie Sanders is Angry About Deodorant and Sneakers

During the height of the Democratic primary season in 2016, Senator Bernie Sanders made news by lamenting “You don’t necessarily need the choice of 23 underarm spray deodorants or 18 different pairs of sneakers when children are hungry in this county.” Bernie asks an interesting economic question – why do we have so many choices between products that are essentially the same thing? Paul Krugman won the Nobel Prize in 2008 in part for answering this question. Continue reading “Bernie Sanders is Angry About Deodorant and Sneakers”