Econ Everyday Classic: There’s Pea in My Coffee!
Due to a combination of increased global demand and poor harvests, coffee prices in 2011 rose some 69% to reach its highest price in over three decades. As a result,…
Econ Everyday Classic: High Cashmere Prices Left in the Dust
Once a pinnacle of luxury clothing found only in high-end fashion stores, by 2006 cashmere sweaters, which typically sold for hundreds of dollars, could be found in big box stores…
Moon Mining
President Trump recently signed an executive order in support of the US opening exploration of resources on the moon and asteroids. The move follows a 2015 US law allowing for…
Frites Market on the Fritz
Like many countries around the world, Belgium is fighting a battle against the COVID-19 virus. As part of social distancing, restaurants and bars are closing down or limiting service. As…
Stadiums Experiment with Lowering Food and Beverage Prices
The Tampa Bay Lightning announced they would be lowering prices on food and drink options in Amelie Arena for the 2020 season. Prices would be reduced by an average of…
Crisis Hits Farmers: Some face labor shortages, others face customer shortages
US agriculture is suffering major setbacks related to the Coronavirus outbreak. Stay-at-home orders have caused a significant decline in restaurant business, forcing many to temporarily close or cut down to…
Breweries and Distilleries Produce Hand Sanitizer to Relieve Shortage
The global spread of the Coronavirus led to a surge in demand for a number of goods including toilet paper, disinfectant wipes, and hand sanitizer. Many people worried about future…
In Vino Veritas…Ceteris Paribus
Prices for California wines are expected to drop to the lowest they have been in the past five years. Wine consumption in the US has consistently grown over the past…
Organic Dairy Farmers in Decline
Sales of organic products in the US exceeded $50 billion in revenue for the first time ever in 2018. Organic sales have more than doubled since 2010. Despite this tremendous…
Price Increases at The Happiest Place on Earth
In the wake of opening new Star Wars themed attractions in their parks, Disneyland and Walt Disney World recently announced a price increase on tickets to visit their theme parks.…