Tuesday, November 21, 2006

The behavior of prices,

I recently bought a very good office chair at a yard sale for five dollars. The same chair would cost a lot more at a retail store, does that mean that the retail store is gouging its customers on the price of office chairs?

Thursday, November 16, 2006

We'll miss you Mr. Friedman,

At age 94 the father of sound economic teachings has died. Milton Friedman is his name and he passed away today; we shall all miss him. If you like this blog I encourage you to scan the internet for articles written by Mr. Friedman. You will no doubt learn a lot.

Monday, November 13, 2006

Economics is lacking in important places,

I personally like Tim Russert, but he should brush up on his economics. Take a look at this video to see what i mean.

Friday, November 03, 2006

Educating the masses,

Many people who understand simple rules during a sports event, can't understand the same rules when it comes to economics. The people who immediately call for government to lower gas prices as soon as the economy takes a dip, wouldn't immediately place a player on the bench for striking out one time during the World Series.