English is so difficult. The word ‘mean’ here has three different meanings, one of which is to understand. The first occurrence of ‘mean’ infers an average. The second ‘mean’ occurrence implies or conveys understanding. The third ‘mean’ is a value … Continue reading →
The local high school Christmas Concert was this week. It was packed. Hours of practice by the students, hours of extracurricular energy from teachers and staff, mountains of volunteer hours from students and parents, and 90 minutes direct joy from … Continue reading →
Last week Biomass Rules posted about comparing 4-year loans to 7-loans. The Wall Street Journal published an article that discussed negative equity from partially paid car loans. There are multiple factors to consider with more than one correct solution. The … Continue reading →
If this chart looks familiar, it is because this is the food price inflation chart used in the post, ‘Food Prices are Not Driving 2024 Inflation – Real Adventures in Economics. The difference is the scale of the vertical axis. … Continue reading →
In the United States, one president is preparing to leave, while the next one is preparing to take over. With each presidential transition, there are plans to dismantle policies created during one administration so life will return to better days. … Continue reading →
The American Farm Bureau Federation does an excellent job with the annual Thanksgiving Meal Survey, and they have for nearly 40 years. They have the infrastructure and the expertise to make it work every year. All of their prices are … Continue reading →
Who pays a tariff? This was a standard question in my Greenville University undergraduate economics class. Tariffs are taxes, mostly on imported goods. When the United States imposes a 25 percent, or $0.25/$1, tariff on an imported good, an imported … Continue reading →
Food prices have been inflated. Food, as a category in the Consumer Price Index (CPI) is no longer driving inflation. The Wall Street Journal reported on November 2, 2024, that grocery distributors are causing food prices to increase and cause … Continue reading →
The United States is losing farmland but productivity and output continue to increase. Last week, the loss of 11 million acres of pastureland to cropland was explored. That blog also examined the over emphasized claims on cattle as an environmental … Continue reading →
I have benefitted from a rich tradition of military service. In 1979, I was part of an exchange work-study program on a potato and hog farm in southern Germany. Working outside of my home environment in the Midwest United States … Continue reading →
