Too many people I know and love are dealing with too many awful things right now. And so often, when discussing these situations, someone says, “life isn’t fair.” I disagree. But not in the sense of reward and retribution. Rather, stuff happens to us all at random. When I hear “life isn’t fair”, I think… [Read More]
Blog
The world’s oldest economics joke
Two economics professors are walking down the street. They see a $20 bill on the sidewalk. One stops to pick it up. The other says, “Don’t bother. If it were real, someone would have picked it up already.” The first professor picks it up anyway, sees that it is real, turns to the other and… [Read More]
So I bought a Zimbabwean 100 trillion note on eBay
Picture to follow when it arrives. It was $5.95. If the seller were the Zimbabwean government (it’s not), I’d think that it was a revenue-raising gimmick, the way that so many small countries produce stamps for collectors.
Hyperinflation, Syria style
We’re nearing the fifth anniversary of the financial crisis. Over the past five years, so many people in the United States have been arguing about inflation even though we have (probably) been in a state of deflation. And, the arguments about inflation have started from the point that all inflation is bad. A little inflation… [Read More]
