From the start of 2014 until now the market has seen a strong US dollar bolstered by a continually recovering US economy and downward pressure on oil prices as the result of a supply glut. The general rule of thumb
Would Milton Friedman have supported Quantitative Easing?
Milton Friedman was, as Paul Krugman said, “the great popularizer of free-market doctrine.” A citizen with a basic knowledge of economic thought would think that a free-market activist would be in favor of the Classical laissez-faire approach, and would allow
The Irish Corporate Tax Rate
The European Commission’s accusation that Apple paid a mere 0.005% on their 2014 European profits outraged Apple CEO Tim Cook and intrigued many Americans enough to turn their attention towards a highly controversial piece of Ireland’s economic policy decisions: their
China’s Unemployment: More than meets the eye?
Investors looking to broaden their geographic scope often look to China as a source of growth and financial opportunity for the future. As a result, some amateur investors look at headline measures such as unemployment and GDP growth as a
Engel Curve for 2007 Alcohol Consumption Using Cross-Sectional State-Level Data
In an attempt to create an Engel curve for alcohol consumption, I collected state-level, cross-sectional data for the United States in 2007 on income by state (INCTHi) and alcohol consumption (ALCi). I chose 2007 because it was a trough for
Cafe Con Leche as Venezuelan Inflation Tracker
Following our conversation on the Big Mac Index to track Purchasing Power Parity globally, I found the following link on Bloomberg: https://www.bloomberg.com/features/2016-venezuela-cafe-con-leche-index/ The company is attempting to use the price of Cafe con Leche at a particular cafe in Caracas