Andrew Jabara

Venezuela has been suffering from major hyperinflation during the past few months, due to the current government printing the Bolivar currency so much that it is nearly worthless. After the inflation rate skyrocketed to 68%, the government ceased reporting inflation figures. This has led some economists to make use of unusual (and delicious) methods to track the hyperinflation. Miguel Octavio, a Miami-based financial … More Econ in the News: Arepas and Hyperinflation

            This week’s Econ in the News brings us to the murkier realm of North Korea. As markets increase in prominence, reports of taxes and bribes being imposed on these markets by the North Korean government have also increased in frequency. The result is something known in Korean as a “grasshopper market”, in which … More Econ in the News: Grasshopper Markets and Lotus Flower Capitalism

In Palo Alto, you hear a lot from student groups and activists about the increasing gentrification of San Francisco neighborhoods. The long-term implications of rising home prices were recently brought to light by a Business Insider article; because of the sky-high prices, teachers are being priced out of city schools. As the new school year dawns, San … More Econ in the News: When Housing Affects the Next Generation