Archive for economics
You are browsing the archives of economics.
Going Out With A Bang
“The low hanging fruit, i.e. idiots whose parents paid for prep school, Yale, and then the Harvard MBA, was there for the taking.”
A cap on the price of gasoline is a bad idea…
And the Nintendo Wii can tell us why. First, let’s back up a bit and describe how the market for gasoline works. Gasoline is a commodity (gasoline from Shell is effectively the same as gasoline from Exxon), and everyone knows the price (due to those giant signs on the side of the road). This means [...]
