A Second Hand Conjecture

Joseph E. Stiglitz says bail out the poor, not the rich. It’s like a parlor game for abstractions to decide who can be the noblest thief. How about no one bails anyone out, and we all sustain the material consequences of our own poor investment decisions? Revolutionary, I know.

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Alex Taborrak has a story:

How an Economist Thinks

Over the weekend a crew came round my neighborhood offering to paint house numbers on the curb. Large bold curb numbers, they pointed out, make it easier for emergency service workers to find houses in the dark. Good argument. The price was good too. Then I noticed my neighbors were having their numbers painted. So of course, I declined.

The comments explode with wonderful econ geek goodness.

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