1. David Levy reviews Bryan Caplan.
3. The very wise Alice Rivlin.
4. Is one hundred cents worth more than a dollar?
5. Culinary protectionism in Italy.
Assorted links
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Stimulus watch is a very cool idea. I’m not sure that version 1.0 is going to work, but I can see a path toward a much more transparent, participatory democracy. That’s probably a good thing, although I’m not completely sure.
I liked the second project on the list … $99K for replacing door bells in Mississippi.
Is one hundred cents worth more than a dollar?
I often wonder this when I see how far some people will go for a penny a gallon cheaper gasoline.
“Is one hundred cents worth more than a dollar?”
This article is born out my experience in corporate America. Endless discussions can ensue about hundreds or thousands of dollars, while millions and billions receive nary a glance. The authors comparisons on the $15bn for Detroit vs., say, “just” the $150bn for AIG is on target.
Is that review in (1.) walled for everyone else too or is it just me?
Not only is the review walled, it costs more than the book.
Is one hundred cents worth more than a dollar?
Can we expect that a $1 trillion stimulus bill will more likely get passed as opposed to, say, a $880 billion bill?
ScienceDirect wants $31.50 for an electronic copy of a book review? Sounds like Michael Phelps isn’t the only person toking up.
Coinflation
http://coinflation.com
keeps track of the metal cost. As metal, 100 pennies is worth a tenth of a cent less than $1, so it probably still costs more to mint the cent than they’re worth.
If you buy lunch at the sandwich shop every day for a month, and at the end of the month buy a used Xbox, you’d save more money by buying the $3 grilled cheese than the $5 pastrami sandwich every day than you would if you bought the Xbox for $103 rather than $105.
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