This is a traveshamockery!
Seriously, opportunity cost is one of the simplest, easiest to understand concepts in economics. I had almost exactly this question:
You won a free ticket to see an Eric Clapton concert (which has no resale value). Bob Dylan is performing on the same night and is your next-best alternative activity. Tickets […]
I’ve been thinking about sex a lot lately, for any number of reasons, and it seems as if Tyler Cowen is collating interesting news on the sex front for me. He notes that monkeys will trade money for sex after linking to a couple of articles that indicate a woman’s ability to orgasm may […]
The apartment complex I moved into here in San Antonio is brand new. So new that parts of it are still being built, the gates don’t work, and there’s dust everywhere. If you try to pull my complex up on Google Maps, it shows as a vacant lot (meaning that the google maps […]
That is, others like me. There’s a lot of talk about Social Security these days, how to “save it”, how to reform it, how to make sure enough AARP members die off at a high enough rate as to reduce their lobbying power…. In any case, I think it’s pretty fair to assume […]
Don Boudreaux notes that his kid has stumbled upon an old staple of my childhood, Captain Planet. I have to admit that when I was a kid it was one of my absolute favorite shows. I still have the theme song memorized, as do many of my friends, and I can still recall […]
In truth my total yearly up-front premium is $1140 [compared to $1,184 for my liability-only coverage on my six-year-old car], but I promise that I am actually only really paying $140 for good coverage with a $700 yearly deductible. How is that possible? Did I sell my soul to AIG?
No, there […]
The Blogfather’s new photo correspondent has this to say about the local bazaar, emphasis added:
Here are some images from the local bazaar that is held at Kandahar Air Field (KAF). Not many soldiers are allowed off KAF to go into the city of Kandahar to go shopping, due to a few obvious and not so […]
There’s a small cafe across the street from the bank building downtown, and every time I have lunch there I order iced tea. It’s not that I have any affinity for tea over other beverages, but the tea is priced 20 cents less than soda, the drinks are self-serve, and they use the same […]
During a Kinko’s misadventure last week, a misadventure caused by one “Bill” being unable to write down “colour” instead of “black and white” but managing to read the order back to me as “colour”, I spent some quality time on I-10. Currently under construction and scheduled for completion sometime in 2008, the I-10/I-410 interchange […]
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