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Economics lesson: supply and demand for firefighters in Miami

By Steve McGough / February 3, 2009 /

A story at the Fox News 7 Web site caught my eye this morning. Almost 1,000 applicants lined up for 35 available firefighter positions that will be available in the City of Miami. Three of those who were waiting in line were interviewed, the first was a former Marine who was unemployed and the other…

How to lower oil prices right now – Yes. We. Can.

By Steve McGough / July 2, 2008 / Comments Off on How to lower oil prices right now – Yes. We. Can.

Barack Obama does not have any answers. All that he and his Democrat followers can do is blame the increase in gas prices on Big Oil, the war in Iraq, and Republicans that refuse to “invest” in new technology so we can “get off” our addiction to oil. Of course, it doesn’t help that Dick…

What Happens When Less Seats are Available?

By Steve McGough / December 19, 2007 / Comments Off on What Happens When Less Seats are Available?

I fondly remember struggling through my first economics class in 1987 or 88. At the time, economics was a pretty difficult concept for me to grasp even though my dad was an economics major in college. The subject was not in the genes. But over time, I have been able to figure out some of…