All this and he didn’t even get around to the fact that we subsidize sugar.
It’s well documented that smoking rates in the United States are down considerably. But there are still millions of people that smoke. That’s their choice and most of these smokers fully understand the risks they are taking at this point. One of the reasons smoking is in decline has been a cultural shift away from [...]
A report based on data collected about wealthy people has some interesting anecdotes about the social priorities of the rich. Most notably, the rich care more about animal welfare than they do human rights, homelessness, income inequality, gender inequality, and race issues. The question is why. The answer is straightforward if you think about it. [...]
Adam Smith wrote: “The annual labour of every nation is the fund which originally supplies it with all the necessaries and conveniencies of life which it annually consumes, and which consist always either in the immediate produce of that labour, or in what is purchased with that produce from other nations.” This statement is part [...]
From Time: The customers were offered the buffet at either $4 or $8, and were asked to access their dining experience by rating the food, restaurant, and their first, middle and last taste of the food based on a nine-point scale. The customers who paid for the $8 buffet enjoyed their food 11% more than [...]
The NY Fed has a great little blog called Liberty Street Economics (their address is on Liberty Street in NYC). They mostly post commentary on their own research and one post from last week was about the borrowing habits of young people: Here we pose two questions: What part have young borrowers, with and without [...]
How Advertisers Get You to Remember Ads (Psychology Today): Ever notice that ads for older people don’t feature young and sexy spokespeople? Advertisers often like to target you based on social identity. In other words, they want to show you someone that you can identify with. Moms cleaning up the kid’s mess with a paper [...]