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The Dangerous Economist: How Does The Fed Prefer To Measure Inflation?

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The Blog of Cyril Morong. Thursday, April 23, 2015. How Does The Fed Prefer To Measure Inflation? CPI vs. PCE: Untangling the Alphabet Soup of Inflation Gauges-Fed’s preferred measure of consumer-price growth may not be the one you think, but both have their place. By Jo Craven McGinty of the WSJ. Excerpts:. Like CPI, PCE tracks changes in real prices paid by consumers for goods and services, but the two indexes differ in several important ways. For starters, the CPI, which typically is slightly high...

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The Dangerous Economist: January 2015

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The Blog of Cyril Morong. Friday, January 30, 2015. Russians rush to stores to pre-empt price rises. Click here to read the article. One of the factors that can shift demand curves is expectation of future price. If, for some reason, you expect a fairly big price increase in the near future, your demand today will increase. That is, the demand curve will shift to the right. It seems like this happened this past December in Russia. Here are excerpts from the article:. The ruble has suffered catastrophic l...

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The Dangerous Economist: Are Computer Programs Replacing Journalists?

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The Blog of Cyril Morong. Friday, March 20, 2015. Are Computer Programs Replacing Journalists? See If an Algorithm Wrote This, How Would You Even Know? By SHELLEY PODOLNY of the NY Times. In my macroeconomics class, we talk about the types of unemployment. Here is one of them:. Unemployment caused by a mismatch between the skills of job seekers and the requirements of available jobs. This article might be an example of this type of unemployment. Excerpts:. These robo-writers don’t just regurgitate ...

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The Dangerous Economist: Science Proves That Adam Smith Was Right Over 200 Years Ago (sort of)

http://thedangerouseconomist.blogspot.com/2009/09/science-proves-that-adam-smith-was.html

The Blog of Cyril Morong. Sunday, September 27, 2009. Science Proves That Adam Smith Was Right Over 200 Years Ago (sort of). Adam Smith's "other" book was called The Theory of Moral Sentiments. One point he made there was that we are able to sympathize with other people by trying imagine what they are going through. Here is a key passage:. Here are some key exerpts:. Our ability to identify with another's distress - a catalyst for compassion and charity - has deep roots in the origin of our species".

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The Dangerous Economist: November 2014

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The Blog of Cyril Morong. Thursday, November 27, 2014. Were The Pilgrims Capitalists Or Socialists? This was first posted in 2010. See The Pilgrims Were . Socialists? From The New York Times. There seems to be some controversy. One story has them owning property in common and not doing well until they went with private property. Not everyone agrees with that version of history. Here is what seems to be the most interesting thing from the report:. This part was interesting too. Bradford did get rid of the...

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The Dangerous Economist: May 2015

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The Blog of Cyril Morong. Thursday, May 07, 2015. The point was to show how much easier trade is with money, which acts as a medium of exchange. It is interesting to note what has passed for money in different circumstances where you might expect barter. It seems like one item can emerge as a medium of exchange if it is something that people generally want. Here are some cases:. Cigarettes were used as money in World War II prisoner of war (POW) camps. Mackerel in U. S. prisons. Subscribe to: Posts (Atom).

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IronEconomy.com

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Wielki kryzys gospodarczy 1929-1933. Nader Ralph (ur. 1934). Prawnik i ekonomista amerykański. Był inicjatorem i przywódcą ruchu konsumenckiego w USA. W książce Unsafe at Any Speed. 1965) wskazał m.in. na ukrywanie przez przemysł samochodowy danych dotyczących parametrów bezpieczeństwa produkowanych samochodów. Występował w procesach m.in. przeciw wielkim koncernom samochodowym, przyczynił się do powstania ustawodawstwa oraz standardów bezpieczeństwa dotyczących energii jądrowej, żywn...Ekonomista ameryk...

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The Dangerous Economist: Structural Unemployment In The News-Computers Can Now Tell Jokes

http://thedangerouseconomist.blogspot.com/2013/01/structural-unemployment-in-news.html

The Blog of Cyril Morong. Monday, January 07, 2013. Structural Unemployment In The News-Computers Can Now Tell Jokes. See A Motherboard Walks Into a Bar . By ALEX STONE, from yesterday's NY Times. There is a program "called Standup (for System to Augment Non-Speakers’ Dialogue Using Puns), a program that generates punning riddles.". Subscribe to: Post Comments (Atom). I teach economics at San Antonio College. My email address is cyrilmorong@sbcglobal.net. View my complete profile. The Big Questions (Stev...