Category Archives: Uncategorized

Abolish lines at restaurants!

The other day I popped into Subway for a sandwich around noon.  The line was very long so I had the chance to think. A Puzzle To an economist, the reason long lines exist is that prices are too low.  … Continue reading

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This Post is Rated PG-13

This is a family blog so I want to warn you this might not be appropriate for a youngin’.  Nonetheless, I couldn’t resist the chance to knock a nice slow pitch out of the park using economics. A Slow Pitch … Continue reading

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Why your life is not “solitary, poor, nasty, brutish, and short.”

Out of context We often here Thomas Hobbes’ statement that the life of man is “solitary, poor, nasty, brutish, and short.”  The truth is, however, that this line is almost always used out of context.  It is co-opted for the … Continue reading

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How nice is Bill Gates?

Last night on NPR I heard an interview with Paul Allen, co-founder of Microsoft.  Allen left Microsoft in 1983 due to health problems.  Apparently he has been in and out of the hospital quite a bit ever since.  The following … Continue reading

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Needless regulations hurt the needy…again!

A while back I explained how occupational licensing laws and the minimum wage conspire against the needy.  Just the other day I ranted a little about ridiculous regulations. Along those lines, I want to tell you about another needless regulation that hurts … Continue reading

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Is the internet a bargain?

I think one of the more important changes that has happened in our economy of late is the amount of consumer surplus we get from the internet, smart phones, iPads, etc.  Note I am not simply making the obvious statement … Continue reading

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How PNC bank makes money.

There are two types of ATM machines, classified (by me) based on the order in which you get your money and ATM card. Type 1. ATM card returned then money.* Type 2. Money returned then ATM card. At my PNC … Continue reading

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