I enjoyed this video about the workings of the Federal Reserve, courtesy of the Federal Reserve Bank of Cleveland. (HT to Tim Schilling)
Cute. It’s also worth noting that it’s potentially just as important to understand what the Fed *doesn’t* do. More specifically…repeat it with me, people, THE FED DOES NOT PRINT MONEY. [...]
Tags: Macroeconomics · Policy
You know, I was previously worried that Goldman Sachs had Washington just a tad too much in its back pocket…good thing then, I suppose, that Greece has allowed me to take an “at least I’m not THAT guy” stance and feel much better.
If you’ve been paying attention to the news, you at the very least [...]
Tags: Finance · Incentives · Macroeconomics · Markets
In addition to teaching economics, I often find myself having to make a pitch for why it’s important to understand economics in the first place. One of the reasons I usually give is something along the lines of “so you don’t have to take on faith what politicians have to say about policy choices.” [...]
Tags: Macroeconomics · Policy
Last week I addressed the question of whether there were female-centered economic indicators as opposed to just things like men’s underwear and hot waitresses. Today I found another one. According to The Chosun Ilbo (I totally get the random source award here. HT to EconomicMayhem), hair dye is also a countercyclical economic indicator:
Dyed [...]
Tags: Econ 101 · Follow Ups · Macroeconomics
I am strangely intrigued by the following visual on the levels of various stock markets over time. Courtesy of Visual Economics:
A few things that I notice:
Am I the only one who thinks it’s odd that the graph shows the level of the Dow Jones Industrial Average versus the level of the overall stock exchanges [...]
Tags: Finance · Macroeconomics