On June 25th, 2019, rapper Travis Scott announced a collaboration with Reese’s Puffs cereal, selling limited-edition boxes for $50. That price seemed ridiculously high to me. I wouldn’t pay $5 for cereal, let alone $50. Joke’s on me though, because they sold out in less than a minute. The next day they were up on … Continue reading Respect the Hustle: Travis Scott Cereal Boxes and Arbitrage
A new WSJ piece describes the current financial landscape for a bunch of people, including myself! We are in tons of debt. Though being in debt is nothing new, the type of debt has changed quite a bit. Most of the debt normal Americans would take on in the past was attributed to housing. But … Continue reading ICYMI: We Are Buying More Than We Can Afford
Photo by Bernard Hermant on Unsplash Worried your employees are slacking off? Browsing social media instead of calling clients? Leaving early on Friday afternoons? Not to worry - spying on employees is now cheaper and more prevalent than ever, as surveillance technology becomes increasingly sophisticated. Employers can track which websites an employee visits and keep tabs on an … Continue reading You Looking At Me?
By Logan Baker (Creighton University) When drinking a can of Coca-Cola, it is easy to get lost in the taste while disregarding the economics behind purchasing the Coke. Let’s be honest, we disregard the economics of most things. If we think about it, there is a particular reason for the soda’s price and the store … Continue reading Drinking and Thinking About Coke
A central question of economics is to understand how in the heck social coordination is able to exist in such a crazy world. With all our differences in beliefs, resources, abilities, and more, it is remarkable people can work together long enough to produce a Big Mac pretty much anywhere in the world. Economists will … Continue reading Clearly Ambiguous — Institutions