Homines libenter quod volunt credunt
Posted in Economic Illiteracy on Oct 2nd, 2009
Another reason why teaching at the university level is so delightful … I never need to come up with new lecture material – it shows up like a gift every single day! A summary of the movie: Food, Inc., filmmaker Robert Kenner lifts the veil on our nation’s food industry, exposing the highly mechanized underbelly […]
Posted in Price System on Feb 28th, 2008
I was recently asked to put in perspective what will happen to Americans from the large recent increases in world wheat prices. Below are some partial thoughts. Most of the following national data comes from a government report called the Consumer Expenditure Survey (CEX). Before presenting some basic statistics on household food consumption, it is […]
