Hi y’all! Here are five stories from this week that contained some neat applications of economic principles or are related to teaching:
The author of “Rich Dad, Poor Dad” is in debt to the tune of $1.2 billion [Vanity Fair | Archive]
Party balloons could become a luxury as the Iran war spurs a helium shortage [MarketWatch]
Americans spend 14% of their downtime feeling guilty about relaxing instead of being productive, a phenomenon known as “leisure guilt” [Inc]
Demand for engagement rings gave thousands steady work at De Beers, but weak sales and lab-grown stones are taking it away [The Wall Street Journal 🔐]
US Open match halted due to cannabis smell [The Guardian]
America’s busiest airports were mostly built before 1970, but a new Virginia airport located 40 miles from downtown DC shows exactly why that hasn’t changed. This week’s piece traces the last time a major U.S. city actually built a second airport, and the surprisingly specific reason it’s been over 50 years since.
Why Hasn't a Major American City Built a Second Airport Since the 1970s?
If you’ve got a trip to DC planned, you’ll soon have one more airport option. It’s probably not the pick for an easy ride downtown to visit the Washington Monument, but it might become your favorite if you’ve got bu…
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He'll make up the shortfall with his next book, "The Poorest Dad"