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Archive for August 29th, 2019

N.J. ‘In Worse Shape’ Than Any Other State, Senate Boss Says – Bloomberg

29 Aug

Both Republicans and Democrats are responsible for the fiscal disaster New Jersey is in.

Source: N.J. ‘In Worse Shape’ Than Any Other State, Senate Boss Says – Bloomberg

 
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Is price inflation being underreported?

29 Aug

I received the following email from Greg H. who heard my interview with Tom Woods.

Murray,
Good Morning, hope you had a wonderful summer.  I listened to your guest appearance on the Tom Woods show today and I am happy to hear that a professor in New Jersey is teaching students this type of economics.  I do live in New Jersey and we both know how the political and economic arena is here.  I work in the food distribution industry as a procurement manager and I enjoyed hearing your point on shopping and seeing retail have not changed yet sizes have, but this may not be calculated correctly in CPI.  I see this all the time from our vendors, I work with meat and it is more involved learning commodity markets and global markets in general.  So a lot of cut meat to purchase and we work costs by the pound so when a vendor who has a product that is net weight like say a package of 16oz sausage and a vendor says I will keep you unit cost the same, I will argue back that they need to keep the cost per ounce the same.
ex. 16oz package @ $5 unit cost = $.3125oz going to a 14oz package should now be $4.375 unit cost
This is something a lot of customers have caught on to, but have no recourse for it. 

I wanted to reach out to you because I appreciate the people in academia who go against the status quo when educating their students (my brother is a professor at FDU in sports management with a focus on sociology of sports and can create a pretty contentious convo when around each other).  If you ever want to connect and talk about how markets are affecting food prices feel free to reach out to me.  I am always willing to discuss or present to classes as I have at my Alma mater and I think it gives the students a different perspective on the food industry and not what they just read on social media and also the real work environment.  I hope the school year starts off in the right direction.  Thank you for taking the time to read what I wrote.

 
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Tom Woods interviews me about the Federal Reserve and more.

29 Aug
Click below to the book post to order Why the Federal Reserve Sucks.
 
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8 Reasons To Hold Some Extra Cash

29 Aug

…the value of cash as a “hedge” against loss has become much more important.

Source: 8 Reasons To Hold Some Extra Cash

 
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Frank Morano interviews me about my book

29 Aug

At the 46 minute mark, my 30 second commercial is played, which will air on Sept. 22 during the Emmy’s on the Comcast cable system in New Jersey.

https://omny.fm/shows/morano-whenever/why-the-federal-reserve-sucks?in_playlist=morano-whenever!podcast#sharing

 
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