How Pearls Lost Their Status Symbol Sheen
In Baz Luhrmann’s glitzy new film adaptation of The Great Gatsby, pearls play at least as big a role as Dr. T.J. Eckleburg. In one of the movie’s flashbacks, we see the swinish Tom give Daisy a...
View ArticleThe Marketplace of Ideas
Here’s what’s going on in the online world of economics. What people in Brazil are really protesting, by anthropologist Erika Robb Larkins: “The bus fare is a metaphor for the system in Brazil as a...
View ArticleWhat If We Banned Tipping?
Tipping in America is an experience fraught with uncertainty. How much should you toss in the jar at the coffee shop? Are you supposed to tip on takeout? Debates break out at the end of otherwise...
View ArticleA Surprise Bump in June Prices
The Consumer Price Index rose 0.5 percent in June–0.2 percent more than economists had predicted. AIER’s Steven Cunningham talked with Annalyn Kurtz of CNN Money about what recent price increases can...
View ArticleDaily Inflation Surges
Another month of ho-hum inflation in December left the CPI annual figure at 1.5 percent, on the low end of the historical spectrum but squarely within the typical annual range. The new year, however,...
View ArticleRich Uncle Pennybags
Media abounds with articles varying around the theme of “Why This Market Has Room to Run.” Equity market bulls enthusiastically point out that corporate profits have reached an all-time high and...
View ArticleCPI’s History Is Not Just About Bureaucrats
Every month, the Bureau of Labor Statistics releases the Consumer Price Index to a wide range of commentary. Policymakers often debate whether the CPI accurately measures inflation. But you might be...
View ArticleThree Takeaways from the April Employment Report
The monthly Employment Situation Report for April from the Bureau of Labor Statistics was followed up by a deluge of press coverage. How can you make sense of the data itself, let alone the cacophony...
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