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Evening News Report: Angry Bears Testify on Capitol Hill

market price by removing our demands from the foreign market. Maybe that will put incursions into Georgia out of the cost/benefit range of the Russians.” CBO Director Spencer: “The question…

The real market incentives

by rdan Suppose I paid you for every pound of pollution you generated and punished you for every pound you reduced. You would probably spend most of your time trying…

Non-Adiabatic Economics

…The basic understanding is that in a competitive marketplace the price of the item will fall until the marginal cost of producing the next copy of the item will equal…

Can we bargain in new rules of a market?

Reader sammy notes: I was just thinking maybe the solution to some health care costs is less insurance, not more. I have health insurance via an HMO, but I often…

45 trillion credit swap market…how big is that?

…this. The value of the entire U.S. Treasuries market: $4.5 trillion. The value of the entire mortgage market: $7 trillion. The size of the U.S. stock market: $22 trillion. OK,…