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    BACONomics: Biden’s plan to reduce food price inflation
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    • Oct 10, 2021

    BACONomics: Biden’s plan to reduce food price inflation

    Last week I wrote about how Russia is trying to keep food price inflation down (within Russia) by implementing export tariffs on goods...
    Inflation and Russian Export Taxes + Orange Cake with Sunflower Oil
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    • Oct 4, 2021

    Inflation and Russian Export Taxes + Orange Cake with Sunflower Oil

    It's hard to turn into the news and not read about food price inflation. The question now is what, if anything, should be done about it....
    What's up with (Micro)chips?
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    • Jul 24, 2021

    What's up with (Micro)chips?

    This may be a little silly but bear with me… Imagine that you own a bakery, and you specialize in chocolate chip cookies. You make some...
    Are Imports Bad?  The Case of the Blueberry (+ blueberry muffins)
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    • Feb 28, 2021

    Are Imports Bad? The Case of the Blueberry (+ blueberry muffins)

    Imports – goods produced in other countries but sold “here” (in this case that’s the U.S.). They come up in the news a lot – are they...
    Cookie Dough Cheesecake and Asymmetric Information
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    • Jan 31, 2021

    Cookie Dough Cheesecake and Asymmetric Information

    The Cheesecake Factory is huge. Not only does it have the longest menu in history, its restaurants -- which are often two stories -- are...
    One a penny, two a penny, … where are all the pennies? (Hot Cross Buns)
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    • Aug 23, 2020

    One a penny, two a penny, … where are all the pennies? (Hot Cross Buns)

    Where did all of the money go? If you’ve been road tripping recently… or gone to pick up a quick bite at a fast food restaurant, you’ve...
    COVID-19: Lumber, Pools, NYC Suburbs, & Gingerbread Houses: Unexpected Winners during a Pandemic
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    • Jul 25, 2020

    COVID-19: Lumber, Pools, NYC Suburbs, & Gingerbread Houses: Unexpected Winners during a Pandemic

    What did everyone do when the pandemic first hit and people were spending hours and hours at home? At first, the baking started (see...
    COVID-19: Maryland Crabs versus Maine Lobsters: Two crustaceans, Two different problems
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    • Jul 12, 2020

    COVID-19: Maryland Crabs versus Maine Lobsters: Two crustaceans, Two different problems

    I read this really interesting article in the NY Times about the Maine lobster industry. The lobster market is struggling due to a...
    Collusion in the Milk Market + Tres Leches Cake
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    • Jun 27, 2020

    Collusion in the Milk Market + Tres Leches Cake

    Just a couple of weeks ago, the chicken industry was charged with price fixing. According to the charges, executives were texting each...
    COVID-19: How COVID-19 gave an unexpected boost to Thai Rice Exports (+ Rice Pudding)
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    • Jun 14, 2020

    COVID-19: How COVID-19 gave an unexpected boost to Thai Rice Exports (+ Rice Pudding)

    COVID-19 has wreaked havoc on many industries. It has also been a boon to others, such as Amazon, Netflix, Zoom, Delivery Services,...
    COVID-19: Meat prices are high but farmers are hurting (+Texas Kolaches)
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    • May 22, 2020

    COVID-19: Meat prices are high but farmers are hurting (+Texas Kolaches)

    We’ve talked about how the increased demand for flour and yeast led to shortages in grocery stores as people stocked up on staples and...
    COVID-19: Negative Oil Prices & Girl Scout Cookies
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    • Apr 24, 2020

    COVID-19: Negative Oil Prices & Girl Scout Cookies

    When I was in elementary school, my mom agreed to be the “cookie mom.” What that meant was that all of the Girl Scout cookies for my...
    COVID-19: Foreign Labor & Strawberries
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    • Apr 22, 2020

    COVID-19: Foreign Labor & Strawberries

    Nothing beats biting into a strawberry and having the juices drip down your chin. But have you ever stopped to think about where these...
    COVID-19: Crossing State Borders & Homemade Vanilla Extract
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    • Apr 17, 2020

    COVID-19: Crossing State Borders & Homemade Vanilla Extract

    One of the first lessons in an economics class is “People respond to incentives.” This concept is quite intuitive. When you were a child...
    The impact of Brexit on … Oranges?  And Orange Scones
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    • Mar 5, 2020

    The impact of Brexit on … Oranges? And Orange Scones

    I’m sure you’ve read about Brexit. You may have heard that many people think it was a bad idea. In the UK, a lot of people think it was...
    Price Spikes and Oat Milk
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    • Dec 1, 2019

    Price Spikes and Oat Milk

    By now you have probably seen a new milk substitute listed at your local coffee shop. Next to almond, soy, and coconut milk you can now...
    Honey: Shifts in Demand AND Supply
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    • Aug 27, 2019

    Honey: Shifts in Demand AND Supply

    Honey prices are on the rise. The reason why is a fun one for an economics class. Not one, but TWO things, are happening simultaneously....
    Banana Bread and Trade Wars
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    • Jun 9, 2019

    Banana Bread and Trade Wars

    Most of the time when I start these posts, I have an econ lesson in mind first. This time, it’s the recipe I desperately want to share...
    Croissants and Butter
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    • Mar 9, 2019

    Croissants and Butter

    You may wonder how prices in one market affect the prices in others.  For example, you often hear that OPEC is reducing their oil...

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