Tuesday's Assorted Links
Tourism impacts, consumer confidence, auto tariffs, government shutdown, and flying to India
Hi y’all! Here are five stories from this week that contained some neat applications of economic principles or are related to teaching:
A global trade war coupled with Americans traveling less often could cost the U.S. economy around $64 billion in 2025 [CBS News]
For the fourth straight month, American consumer confidence fell as inflation and worries over tariffs dimmed their view of the economy [Associated Press]
Auto tariffs are likely to increase the cost of buying a new car by $5,000 to $10,000 while repairs and insurance could get pricier as well [CNN]
The Congressional Budget Office warned that the US government could run out of money to pay its bills in August—or even earlier in a worst-case scenario [ABC News | CBO Report]
Passengers flying internationally from Delhi’s Indira Gandhi International Airport will have to pay a User Development Fee that’s been increased by 500% [The Times of India]
When $2 eggs turned into $5 eggs, $7 eggs started to look… reasonable. Some shoppers made the switch to pasture-raised and organic eggs during last year’s price spike—and they’re still buying them, even as prices fall. What happened? It’s called the Alchian-Allen Effect, and it explains why we sometimes reach for the good stuff when everything gets more expensive.
Why Some of Us Never Switched Back to Regular Eggs
For the majority of my life, eggs were eggs. I bought the cheapest ones I could find—usually in a white styrofoam carton, usually near the milk. Then, during one of the recent egg price spikes (thanks, bird flu), I pi…
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