Market Efficiency and the Gas Tax

Gas prices seem to be a big issue in the USofA these days. Of course, gas prices in Europe and elsewhere have been far higher than in the US for decades — and they only get a litre! In spite of this, many pundits are speculating that the price we pay for gas...

Pitching Outside the Strike Zone, Part III

The last time I read El Norte, I suppose I was somewhat suprised to skim over a graph that listed Mexico as the 10th wealthiest nation in the world; well ahead of most European countries. But not that surprised. The problem is, we’re accustomed to measuring wealth by metrics like minimum wage ($4 a day in Mexico, $7 an hour in California) and property value., But, if you were to measure something like purchase of $40,000+ cars per capita, I bet you’d be surprised. In fact, per capita, I’d be willing to bet that Mexico would “win out.”

The Mystery of Capital

Some say excessive sunshine softens the brain (repulsively soft already) Tom Robbins, Even Cowgirls Get The Blues Go ahead, kid with me if you would like, but I admit, I once came up with a pet theory – part economics, part meteorology – to explain why so...
427 Toothbrushes

427 Toothbrushes

I don’t expect you to read this entire post, but I do have a favor to ask. Will you – all of you – please leave a comment with the link to what you think is the best post you have written so far? Thx. I was reading an article in MIT’s...