Monthly Archives: December 2014

Canadian Bacon in the Star Trek Economy

As I go off to Ottawa Canada for the next 6 weeks, this curious question from Stephen Poloz, the head of the Canadian Central Bank came up: what would a Star Trek (TNG) economy with no money look like? Yes, … Continue reading

Posted in Demand, Macroeconomics, Markets | 2 Comments

Add Retail Wages to Retail Inflation

I was recently asked in a Graduate Macroeconomics class what I would do to gauge overall consumption. For any economist that has taken a Macro class, the answer was easy, and stock: use the GDP Implicit Price Deflator. But I, … Continue reading

Posted in Demand, Economics, Labor, Macroeconomics, Wages | 1 Comment