You know, I was previously worried that Goldman Sachs had Washington just a tad too much in its back pocket…good thing then, I suppose, that Greece has allowed me to take an “at least I’m not THAT guy” stance and feel much better.
If you’ve been paying attention to the news, you at the very least [...]
Tags: Finance · Incentives · Macroeconomics · Markets
Apparently the town of Tracy, California has decided that its revenue shortfall should be relieved by charging people for making medical 911 calls. Before I get into the absurdity of this particular plan, let me give you a refresher:
Goods and services can be classified along two dimensions: excludability and rivalry in consumption. A [...]
Tags: Econ 101 · Markets · Policy
Yes, I have a lot of feeds in my Google Reader, and yes, Perez Hilton is one of them. Sometimes I just really need to know who has new plastic surgery or what Lady Gaga had for breakfast, ok? (Before you go knocking on Ms. Gaga, I would like to point out that, [...]
Try this quote on for size:
On our assumptions, the extended warranty is a product that simply should not exist. If Humans realized that they we paying twenty dollars for two dollars’ worth of insurance, they would not buy the insurance. But if they do not realize this, markets cannot and will not unravel [...]
Tags: Behavioral Econ · Buyer Beware · Markets
Dear Health Care Protesters: I fully support your right to make your voices heard, but really, if you want to be taken seriously, you might want to make your demands a little more reasonable. Even Santa Claus inwardly mocks the little kids that ask for the PlayStation AND the pony AND the bicycle [...]