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Cocaine, labor strikes, pay transparency, sumo wrestling, and a $10,000 bill
Hi y’all! Here are five stories from this week that contained some neat applications of economic principles or are related to teaching:
Cocaine may overtake oil as Colombia’s main export [Bloomberg]
The U.S. lost 4.1 million days of work in August to strikes [The Wall Street Journal]
Pay transparency is now included in the majority of U.S. job posts, and growing [Hiring Lab]
Slowly but surely, the demand for sumo wrestling is growing in America [GQ Sports]
A $10,000 bill from the Great Depression just fetched $480,000 at auction [CNN]
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A new TikTok trend has people wondering why men think so frequently about the Roman Empire, but what do economists think about the Roman Empire? This week’s post looks at a few stories from history that can be applied to modern-day debates on topics like government intervention, inflation, and taxation.
Are you an economics teacher looking for resources related to this week’s post? The Federal Reserve Bank of St. Louis has prepared a lesson plan on inflation and the fall of the Roman Empire. The Foundation for Economic Education (FEE) has also put together some great assessment questions that you can use with your students! You can access all of their resources at the FEE Learning Center.