Category: guest post

The Starbucks Recession Indicator

by Elena Foshay Starbucks Coffee, one of the success stories of the booming economy and now global symbols of prosperity, is suffering. John Borden of Eyes Not Sold reports that over the last twelve months Starbucks stock has gone down…

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After All, Maybe Money Does Buy Happiness?

By Aaron Ordower In last week’s NY Times David Leonhardt discusses a new study published by the Brookings Institute which refutes the Easterlin Paradox which stated that money doesn’t necessarily lead to more satisfaction. See Arnav’s earlier post for more…

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With US or Without: Chinese Imports

by Beau Rowland In the international furor surrounding the 2008 Olympics in China, I find myself in the rare position of agreeing with Bush’s steady line of support for Beijing. The reasons, I think, are in part economic. Here’s how…

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Bad Policy – Multiplied

by Mike Lowry In this critique of George Bush’s economic stimulus plan, economist Frank Shostak sets out to debunk the myths of the Keynesian philosophy. Specifically, he levels a common-sense attack at the concept of the “spending multiplier” which the…

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Students and the Credit Crunch

by Katherine Roberts Today’s headline in The Daily Californian warns us that undergraduate fees are likely to rise as a result of the current California budget. This comes at a time that credit, even for student loans, is extremely tight.…

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We Should Care About the Costs of Inflation

by Breana Pennington It was noted in lecture that we shouldn’t care about the costs of occasional, expected inflation because the negative effects of an increase in the overall price level of the economy are subtle. However, we should care…

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Another Reason for Sticky Prices

By Rosemary Lu The Economist wrote about the rise of prices at grocery stores and at restaurants due to the rise in costs for foods such as eggs, milk, corn, and wheat, as well as the cost of electricity and…

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