Articles by Andrew Moran

Have you walked through a supermarket and wondered why oranges, beef, and a box of Oreo cookies are priced the way they are? Do you ever think about why gasoline prices fluctuate day to day? Well, various economic and societal… Read More

Politics is expensive, and fundraising is a huge part of winning a seat in Congress or the Oval Office. When it comes to elections, does more money mean more votes? Dollars and Cents of Elections Spending for a White House… Read More

There is a lot that baseball can teach us about economics. In part one, we looked at creative destruction, subjective value, and how both economic principles are at play in baseball. Now let’s examine a few more. Self-Regulating Markets You… Read More

Baseball is a game of failure; you are going to groundout, flyout, and strikeout more than you are going to get a base hit or a walk. And there’s a lot that the sport can teach about economics, too. Let’s… Read More

Congratulations. You are living through one of the most prosperous times in American history. This is stage three of a bubble: Euphoria. Bubblemania: A Primer A market bubble is defined in one of two ways. The first is that a… Read More

Everybody is a borrower and a lender in today’s economy. Every time a person uses a credit card, they are borrowing money from a credit lender. In each transaction, interest is involved. But what is interest exactly, and how does… Read More

It seems like everything is put on credit these days. From lunch and movie tickets to paying for a college degree, consumers are living on borrowed money. Governments are also relying on credit to keep their doors open, and businesses… Read More

You have probably heard by now that the national debt is the biggest it has ever been and that it’s only growing, as each year sees a new record high.  But what is the national debt? And why should we… Read More

The United States is the world’s largest economy, recording a national output of $21.526 trillion. Private companies produce goods and services the entire planet enjoys daily. From the Apple iPhone to a McDonald’s Big Mac, the American economy has had… Read More

President Donald Trump suddenly tweeted this week that he would be putting tariffs on steel and aluminum exports from Argentina and Brazil. He pointed out that the South American countries are devaluing their currencies, leaving U.S. industries at a disadvantage…. Read More

Ten years ago, Zimbabwe stopped printing its own money because the currency had lost its value. The situation was so bad that people carried wheelbarrows of Zimbabwe dollars to buy a loaf of bread. Now, for the first time since… Read More

The U.S. government recently reported that the gross domestic product (GDP) grew 1.9% from July to September. With the data in the spotlight, now would be a good time to answer the question: What is the GDP? What is the… Read More