If other prices at the grocery store grew at the rate healthcare prices have since World War II, consumers would be paying $55 for a dozen eggs, $48 for a gallon of milk and $134 for a dozen oranges.
When I published a working paper in 1992 at MIT called “The Fog of Commerce: The Failure of Long-Term Oil Market Forecasting,” many thought the lesson was that forecasting the long-term price of oil ...
I thought it was a bit humorous recently — when corn ethanol prices dipped and were cheaper than both sugarcane ethanol and gasoline (even when adjusted for lower energy content) — that some corn ...
Last summer's record-breaking oil and gasoline prices-exceeding $140 per barrel and $4 per gallon-received plenty of attention in Washington and sparked a host of proposed responses from Congress.
The oil price collapse is not over yet. It is more likely that the Brent price could fall back into the mid-$50 range than that it will continue to rise toward $70 per barrel. That is because oil ...
Between Aug. 25 and Oct. 16, 1987, the U.S. stock market declined by more than 16 percent. Then, on Oct. 19 it plunged by another 20 percent, by far the largest one-day decline in U.S. history.
Six months ago, the Federal Reserve implemented price controls on debit card swipe fees under the Durbin Amendment, one of the many deeply misguided provisions of Dodd-Frank. Last summer the U.S.
This week, the digital-video veteran dropped even more evidence that its price changes will stay subtle, slow, and safe for years to come. This is the way the prices rise This is the way the prices ...