Tuesday's Assorted Links
Tax evasion, baggage fees, minimum alcohol prices, a rigged economy, and $100 bills
Hi y’all! Here are five stories from this week that contained some neat applications of economic principles or are related to teaching:
The IRS claims that millionaires and billionaires in the US evade more than $150 billion in taxes every year [CNBC]
Just days after American Airlines, Alaska Air, and JetBlue all announced they are raising baggage fees, United Airlines said they are also raising baggage fees [Fox Business]
Scotland is preparing to increase their minimum alcohol prices to curb alcohol-related deaths and hospitalizations [The Guardian]
Many Americans believe the economy is rigged [The New York Times]
There are more $100 bills in circulation than any other kind of US paper money, and there are now more than twice as many out there as there were in 2012 [The Wall Street Journal]
For the better part of two years, we’ve heard cries from Wall Street to Main Street that a recession would happen soon. Economists and political analysts have been our modern-day Paul Reveres. As the so-called "vibecession" winds down, many are left wondering what’s coming next.
I’m here to tell you that a recession is coming, but the "when" remains a mystery:
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