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
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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
