I think most people understand the supply and demand less than we think. That’s because supply and demand are more confusing and complex than what is taught in mainstream EC101 lectures today. Maybe you don’t think so, but I do. Suppose we asked students who have already taken EC101&102: “Oil prices fell. For this reason, […]
https://www.themoneymischief.com/random-thoughts-on-economics/
The Fed announced the CPI for May: 0.6% is still at a fast pace. But I don’t think we should worry. The rates announced so far match Claudia Sahm’s predictions: If we look at the PCE index, inflation has started to made-up its dip in 2020, but this does not necessarily imply that tightening is […]
https://www.themoneymischief.com/there-is-no-reason-to-worry-yet/
There has been a buzz on EconTwitter and academia lately. I think the first thing I saw on this was Tyler Cowen’s post, where he compared blogs and Twitter. Although I preferred to use Twitter until last year, then I opened this blog for my own reasons. Even though it is a topic that I […]
https://www.themoneymischief.com/economics-failing-us-what-about-econtwitter/
On Twitter, I come across dozens of different bad analyzes, especially about economics. This is just one of them: You might think it’s stupid for people to stockpile things like gas. And, of course, you can also share it and laugh. However, just because you think something is stupid doesn’t make it stupid. The real […]
https://www.themoneymischief.com/is-rationality-the-new-stupidity/
