economics

A Gresham’s Law for Magazines?

Maybe I don’t remember the economic term that well, but this story makes me think of Gresham’s Law. Why Magazines In Doctor’s Office Waiting Rooms Are So Old – Co.Design:”Natural selection. A new study finds that people steal the newer…

NPR’s Planet Money on Progress

I often listen to this podcast, NPR’s Planet Money. This recent episode was particularly good. Episode 586: How Stuff Gets Cheaper : Planet Money : NPR: “We tend to get obsessed with things that get more expensive over time —…

Oil and Water Usage …

I’ve seen several columns/articles over the last two weeks (gas under $3 in may places) explaining how low oil/gas prices were actually bad for the economy. And of course we’re also told how high oil/gas prices are bad for the…

Dr. Rizzo Asks Some Minimum-Wage Questions

Dr. Rizzo asks some provocative and frankly uncomfortable questions. Definitely read the entire thing. In fact, check his site out every week, always thought-provoking material. Raise the Minimum Wage, Raise it Now: “Suppose you know someone that, rather than working…

“Pretty Much Everyone”

I find it hard to swallow this line of reasoning … that a higher minimum wage is good for employers automatically. And that they’re too stupid to do it on their own. Also, there’s one group missing from the “pretty…

Coffee & Pencils

This fun story has been making the rounds. I Drank a Cup of Hot Coffee That Was Overnighted Across the Country – The Atlantic: “Last week, Thermos overnighted me a cup of hot coffee from Minneapolis to Washington, D.C., to…

Some Quick Econ Videos

These are excellent. Brief and clear. Trade is important. Markets matter. Buy-local is foolish and backward. Ep. 1 of 5 – The Hockey Stick of Human Prosperity – YouTube Ep. 2 of 5 – Division of Labor: Burgers and Ships…

It’s not à la carte menu, Comcast edition

I’m sure that by now you’ve seen this story floating around, about the guy who can’t get Comcast to cancel his service. This is a solid point. Here’s why your Comcast rep is yelling at you – The Verge: “It’d…