In the movies Office Space and Superman 3, computer geeks siphon off millions of dollars by shifting fractions of pennies unused during payroll into their paycheck. It’s an unrealistic idea to think that the company would not notice large sums of money moving somewhere it didn’t before.
Our strategy when we shop for groceries at Wal-Mart […]
Your government is subsidizing corn ethanol production. The net effect of this is:
Your gas costs more
Ethanol is more expensive than regular gasoline and it doesn’t burn as well. That means you get less MPG so you fill up more often.
Your food costs more
Corn is now in high demand. Corn is a staple food used […]
Yesterday I wrote about Price being an indicator of Supply and Demand. Today we go into it a little further.
A few years ago natural gas was very cheap. Most people wanted gas dryers, gas stoves, gas furnaces, etc. because they were cheap to run. The Price was telling consumers that they could achieve Value by […]
In school I learned a little bit about economics and the Law of Supply and Demand but the lesson were superficial at best and didn’t really explain the impact of that law and what Adam Smith called “The Invisible Hand”.
The Law of Supply and Demand states that the price of a good will fluctuate based […]