From the Forbes article by Louis Woodhill “Gasoline Prices Are Not Rising, the Dollar Is Falling“: “As this is written (2/22/2012), West Texas Intermediate crude oil (WTI) is trading at $105.88/bbl. All this means is that the market value of … read more >

Penn Jillette sounds off on daylight savings idiocy, government meddling, and the ratchet effect. Warning: Some strong language. HT: Maggie’s Farm

This is a slightly revised post from exactly a year ago….. In 2008, economist William F. Shughart did a back-of-the envelope calculation and estimated that the opportunity cost of daylight savings time was $1.7 billion per year:  “Although it is … read more >

More on the regional disparities in gas prices from yesterday’s NY Times (see previous CD post here): “The price of gasoline is rising, but the nation isn’t sharing the pain equally (see map above from GasBuddy). The average price of … read more >

 To the students in the NetPlus! MBA program at the University of Michigan, Flint campus, who are enrolled in MGT 551 (Business Economics) for the spring term 2012 which started last Saturday (March 3): WELCOME TO CARPE DIEM! Professor Perry