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Random Observations for Students of Economics
The New Yorker looks at the GSEs. One tidbit:
It wasn’t until 1968 that Fannie was privatized....The main reason for the change was surprisingly mundane: accounting. At the time, Lyndon Johnson was concerned about the effect of the Vietnam War on the federal budget. Making Fannie Mae private moved ...
From the RTE Blog:

Fight Inflation the Venezuelan Way: Haggle

Venezuelan Agriculture Minister Elias Jaua asked consumers to start bargaining over prices with retailers to try to curb inflation.

“The most important help that people can give us (in fighting inflation) is that they defend their in ...

One more for our continuing series on how people respond to prices:

Golf carts switch course from green to road

Rising fuel costs drive move to economical but unconventional transport


Tyler gives the policy a different description: He calls it means-testing for Medicare. But this reform can also be described as in this post's title.

Click here for more on the topic.
The Chicago Tribune reports:

Amtrak rides high as price of fuel soars

Soaring fuel prices are filling seats on Amtrak trains.... In the fiscal year that began Oct. 1, Amtrak ridership nationally has climbed 11 percent, to more than 21 million passengers, through June, and it expects to exceed th ...

From Brian Hollar:
I am getting a PhD because it’s a barrier to entry into becoming a college professor. While I’ve been enjoying what I’ve been learning, the most important economic concepts that I enjoy the most are what you could learn from reading a basic microeconomics textbook such as Greg Ma ...
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