Random Articles

• When Do We Throw It All Away? First off, I’m all for minimizing landfills and maximixing the use of our resources. But, I’ve been thinking more and more about the economics of ‘recycling’ since listening to Mike Munger on EconTalk in July. Right at the start of the podcast, Munger asks, “I have something in my hand, I want you to guess, is it
• Demanding Markets in Absolutely Everything “The next logical step, then, would be to make this all personally competitive. The rise of the multi-billion dollar fantasy sports industry — where people bet, or simply compete for bragging rights, by predicting and tracking statistics in everything from baseball and football, to supreme court decisions and Congressional voting — demonstrates how eager people
• Is Closed a Cultural Benefit? This weekend, I caught up with a college friend in central Wisconsin. Starbucks recently opened their first storefront in Wausau. Given Starbucks’ consistency and my lack of knowledge of other options, I suggested we meet there. “How about something local, like Jeannie’s Cafe?”, Tom asked. I’m always up for tasting the local flavor and we planned to
• Off Balance Focusing on the trade deficit encourages the implementation of poorly designed protectionist policies that will only serve to undermine the American and global economies in the long run.” - Pejman Yousefzadeh via Ben At a micro level, tracking the trade deficit is like tracking a grocery imbalance with your local supermarket.
• Only Do “We are not good at knowing, we are not good at planning, we are not good at forecasting, we are only good at doing.” - Nassim Taleb, author The Black Swan: The Impact of the Highly Improbable