Jacob Goldstein

Jacob Goldstein appears in the following:

The 17th Century Version Of The Fight Over Uber

Wednesday, June 12, 2013

In cities around the world, technology is threatening the taxi and Towncar business, and the people who own taxi and Towncar companies are going to courts and lawmakers for protection.

A New York court just ruled against Towncar operators who were trying to prevent people from using smartphone ...

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Hospital Prices, Revealed! (Sort Of)

Wednesday, May 08, 2013

Economists think prices are close to magic — constantly changing signals that help people figure out what to buy and who to buy it from (and what to sell and who to sell it to).

But in health care, it seems like nobody knows the price of anything.

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Millions Of Americans Are Leaving The Workforce. Why?

Thursday, May 02, 2013

Earlier this year, the percentage of Americans who are working or looking for work fell to its lowest level since 1979.

The figure (wonks call it labor force participation rate) rose for decades, as more women entered the workforce. It started falling over a decade ago. And the decline is ...

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'The Single Most Valuable Document In The History Of The World Wide Web'

Wednesday, May 01, 2013

Twenty years ago this week, researchers renounced the right to patent the World Wide Web. Officials at CERN, the European research center where the Web was invented, wrote:

CERN relinquishes all intellectual property to this code, both source and binary form and permission is granted for anyone to use, ...

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Why Amazon Supports An Online Sales-Tax Bill

Monday, April 22, 2013

If you:

1. Live in a state that charges sales tax

and

2. Buy something from an online store that does not charge you sales tax,

then you are supposed to:

3. Calculate the sales tax yourself and add it onto your annual state tax bill.

Not surprisingly, as

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Most $100 Bills Live Outside The U.S.

Wednesday, April 17, 2013

The world loves the U.S. dollar.

When, say, a South African businessman buys supplies from China, he pays in U.S. dollars. When central banks hold foreign reserves, they favor dollars. And, all over the world, when things start to get crazy, people start putting $100 bills ...

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The Gold Bubble Is 4,000 Years Old, And It Won't End Now

Monday, April 15, 2013

After rising for years, the price of gold is now falling sharply. Lots of people are saying the gold bubble is over. It isn't.

I have no idea whether the price of gold will rise or fall. But even if gold loses half its value tomorrow, ...

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Two Centuries Of Energy In America, In Four Graphs

Wednesday, April 10, 2013

Until well into the 19th century, if you lived in the U.S. and wanted to heat your house, fire your forge, or whatever, you did what people had done for thousands of years: You chopped down a tree and burned it.

It wasn't until the rise of the railroads in ...

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Can You Patent A Steak? (Cont'd)

Monday, April 08, 2013

"It's an un-obvious chunk of meat that has been sitting there — a little diamond surrounded by a bunch of coal," Steve Price told me last year. "I'd love to tell you more. We just can't."

Today, Price told me everything. More to the point, he emailed me ...

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22 Million Americans Are Unemployed Or Underemployed

Thursday, April 04, 2013

The economy added 88,000 jobs last month, according to today's disappointing jobs report. That's not even enough to keep up with population growth.

As of March, 11.7 million people were unemployed. But that number doesn't include people who were working part time because they couldn't find a full-time job. ...

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Episode 290: North Korea's Illegal Economy

Friday, March 29, 2013

Note: This podcast was originally published in 2011. With North Korea in the news again this week, we're re-running it today.

North Korea relies on charity to feed its starving people. But the country's elites like their luxuries — imported wine, fine china, dancing shoes.

To buy those ...

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What If You Couldn't Take Your Money To Another State?

Wednesday, March 27, 2013

One day, the legislature in the state where you live passes a new law: Until further notice, you're not allowed to take your money to another state.

There are exceptions. You can take a few thousand dollars with you if you go on a trip. You can do some out-of-state ...

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Where The Bank Really Keeps Your Money

Monday, March 18, 2013

Cyprus has about as many residents as the Bronx. All Cypriot banks combined are smaller than the 30th-largest U.S. bank. So why is the country's financial system front-page news today?

The answer, in large part, comes down to two words: Deposit insurance. Deposit insurance is one ...

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In One Key Way, The Housing Crisis Is Still Going Strong

Monday, March 11, 2013

The housing market is recovering. Prices are rising, the number of foreclosures is falling, and construction crews are finally starting to build again. But in one key way, housing remains in crisis mode: The U.S. housing market is still a ward of the state.

...

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The Scariest Jobs Chart Ever Isn't Scary Enough

Thursday, March 07, 2013

One of the defining graphs of our time (yes, there are defining graphs of our time) comes from the blog Calculated Risk. It tracks the job market in every U.S. recession and recovery since WWII — and it shows just how brutal the the past few years have ...

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The Dow Isn't Really At A Record High (And It Wouldn't Matter If It Were)

Tuesday, March 05, 2013

Just a quick, cranky reminder: Despite what you may have read, the Dow Jones industrial average did not hit a new high today in any meaningful sense.

After adjusting for inflation, the Dow was higher in 2000 than it is today. It was also higher in 2007. It ...

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Real Economists Study Fake Candidate

Tuesday, February 26, 2013

In a new paper, two economists write:

In 2012 the National Public Radio program Planet Money created a fake presidential platform based on the issues a small sample of economists, with different political views, agreed upon. In focus groups this platform found no support among the public ...

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Why Economists Love Price Gouging, And Why It's So Rare

Monday, October 29, 2012

Like millions of other people, I stocked up on canned food this weekend. Why didn't grocery stores raise prices to take advantage of the pre-hurricane rush?

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