Latest Posts

January 08, 2019

How do we measure inflation?

Note: This is post #105 in a weekly video series on basic economics. Inflation is an average rise in prices. But how exactly is this average rise in prices measured? In this video by Marginal Revolution University, Alex Tabarrok explains how inflation in the United States can be measured using the Bureau of Labor Statistics’ Consumer Price Index (CPI)—a weighted average of the price increases. Continue Reading...
January 04, 2019

Is capitalism making us fat?

As workers emerge from the holidays an average of one pound heavier, weight loss tops every list of New Year’s resolutions. Yet in 2019, physicians are asking politicians to classify obesity as a disease to be treated by taxing sugary foods – and some commentators are blaming our penchant for overindulgence on the capitalist system.    Continue Reading...