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The six Federal Reserve facts that we need to know relate to why it was created, what it always does, and what is happening now.
A look at the NASA shutdown reveals the massive human cost and the programs that are affected when an agency is suddenly unfunded.
Connecting economics, current events, and history, our weekly economic news roundup ranges from gift-giving and paying Santas to our cultural divide.
Friday's e-links: Today we complete a story with an update about how extreme athlete Colin O'Brady successfully crossed the Antarctic, unaided.
We can judge the size of our cultural divide by identifying the TV shows we watch, the magazines we read, and the movies we see.
Although you'll see that the Amazon reviews for How to Avoid Huge Ships are hilarious, it's still one of those unwanted gifts that creates deadweight loss.
Hello Everyone-
I’m Elaine.
Having been in the classroom for decades, written three books (and some of a fourth one), I like to think about economics everywhere all the time. Every day, I’ve added a blog to econlife—now it has been almost 14 years and more than 4,000 posts. I am delighted that you are here and hope we can have some economic fun together.