Economics @ ITT

Thomas Friedman Goes Euphoric on Energy Production

Posted in economics, International Economics by ittecon on February 26, 2012

Dean Baker comments on Thomas Friedman’s “vision” of US energy independence.

[I]magine that there were severe droughts in Africa and Asia that caused the world price of wheat to quadruple. Guess what would happen to the price of wheat in the United States? That’s right, it would also quadruple. The reason is that wheat producers would export their wheat to take advantage of the higher prices available elsewhere in the world, so we would have to match the world price in what we paid for the wheat consumed in the United States.

via Thomas Friedman Goes Euphoric on Energy Production | Beat the Press.

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Are you on Team Dollar Bill or Team Dollar Coin?

Posted in economics by ittecon on February 15, 2012

The U.S. General Accountability Office released a study Wednesday that found replacing the dollar bill with a dollar coin could saving the federal government $4.4 billion over 30 years.

Bottom Line – Are you on Team Dollar Bill or Team Dollar Coin?.

Regulators’ ruling means Chicago can keep getting air pollution funds

Posted in economics, environment by ittecon on February 2, 2012
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