Quiz Guy John Chaneski has been shopping at stores with misleading names. For example, he might buy baked goods from a bakery, but if he were to visit a store that sells flying mammals, he might assume it has something to do with power cells. What...
resource curse n.— «Although economic growth is a key ingredient to poverty reduction, some academics have formulated the “resource curse” theory, which, broadly stated, includes the proposition that an economy blessed with...
cargo cult economics n.— «With a new year ahead, what do we see as our future? How much of our growth and progress is real, and how much is what I call “Cargo Cult Economics,” where we end up holding sacks of straw? At the end...
Do you know what a “buffet flat” is? Is it A) a type of shoe you wear to all-you-can-eat dinners, B) a lull in economic growth predicted by Warren Buffet, or C) a squalid apartment found in the Rocky Mountain States? Find out when Grant...
householding n.— «Another area of growth in the financial/banking sector is in what’s known as “householding.” The term refers to the concept of offering different product lines to an existing customer. Rather than going...
