Honey, We’re Eating The Kids

Honey, We’re Eating The Kids

  [Click on BLUE links for sources and more information] If you lower the price enough, consumers will buy more of the product.  There are exceptions such as Giffen goods or Veblen goods but they are rare.  It’s known as the law of demand.  This is certainly the...
How To Choose

How To Choose

  [Click on BLUE links for sources and more information]   Having just gone through an election, I’m reminded of some things I ponder from time to time.     When I studied economics in college, I had the great fortune to meet the Nobel economist...
Reading A Little Bit At A Time

Reading A Little Bit At A Time

  [Click on BLUE links for sources and information]   Folks who read at least 30 minutes a week are 20 percent more likely to report greater life satisfaction and 11 percent more likely to feel creative. They’re also 28 percent less likely to suffer...
The Bliss of Absent-Mindedness

The Bliss of Absent-Mindedness

  [Click BLUE links for sources and information]   Absence of mind doesn’t mean you are careless or lacking in focus; it just means the mind is meandering through fascinating labyrinths invisible to the open eye.   Vinita Dawra Nangia, Are You Often...
Reassessment II

Reassessment II

[Click on BLUE links for sources and information]   In our last post TITM defined the economic mindset and pointed out what we think are some defects. This post is a first attempt to outline possible changes that might correct those defects. It is obvious a short...