business

forbes

On the Matter of Expensive Big Macs, McDonald’s Isn’t to Blame

Talmon Joseph Smith and Jordyn Holman of the New York Times recently reported that “Over the past year, a series of indignant McDonald’s customers took to social media and posted receipts of orders they feel were overpriced.” Adding the empirical to the emotional, Smith and Holman note that since 2019 the price of a

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If They’re Talking ‘Monopoly,’ They Don’t Have a Clue What One Is

Former attorney general William Barr is at it again with his overnight conversion to “monopoly” critic. He claims that if “allowed to dominate AI,” Microsoft, Google and Amazon “could reinforce and extend their supremacy over more of the economy.”

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There’s No ‘Junk’ In Credit Card Swipe Fees, Just Essential Service

Credit/debit card issuers quite literally finance the purchases of customers, they enhance the ability of customers to make purchases by not limiting them to what’s in their pockets, and most of all they free retailers from a myriad of burdens including judging the cash or creditworthiness of buyers.

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forbes

Nvidia’s Unlikely Ascent Is An Enemy of Stalked-by-Fallacy ‘Economics’

Economists near monolithically believe the Fed can decree “easy money” via its funds rate, that government spending grows the economy, and that by pushing its funds rate low, the Fed can engineer stock market rallies. Thankfully we have companies like Nvidia.

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