1. Raisin-covered goat cheese (via Yana).
2. Markets in everything: chocolate phone edition.
3. Victor Niederhoffer reviews Modern Principles: Microeconomics.
4. Machine allows anyone to work for the minimum wage.
5. Scott Sumner on the Tabarrok-Cowen AS-AD model.
6. David Wessel on the financial crisis.
Makezine has better pictures of the minimum wage machine.
http://blog.makezine.com/archive/2009/11/minimum_wage_machine.html
It makes me think my of life as some sort of curse from a greek god.
Ah, heck. I thought my review of his Macroeconomics was a lot meatier:
http://www.amazon.com/review/R1KD108D685VBK/ref=cm_aya_cmt?ie=UTF8&ASIN=1429202491#wasThisHelpful
Hi Tyler :
Have a random question for you (sorry for posting here).
Why is vanilla ice cream considered “plain” ? Why isn’t plain ice cream really plain (i.e. not with vanilla flavor).
Stay Chill.
The comments at the minimum-wage-machine post are not very well informed. I would like to see Tyler (or an Austrian, I suppose) write a short piece describing various interpretations of the machine and economic reality (by e.g. different economic or political schools of thought), with a conclusion about how the author sees the economic reality, or what empirical/historical evidence supports.
Magic God-man giving $$ away for turning a crank that spits out the money seems slightly at odds with economic reality.
I gree with it!
Good post.
Great story thanks
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