Things I tripped over on my way to the internet
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Tagged as “economy”
“Half of all new college graduates now believe that self-employment is more secure than a full-time job.”
Via 
Very interesting. Interesting that All Other Countries has been relatively over 500 years and the rise of the US appears to have come directly out of China.
Via
“But the experts who are predicting the worst, based on geology and geopolitics, are missing the crucial role that economic incentives play in determining the price of crude. The tripling of oil prices since the summer of 2003 has unleashed forces that within the next two or three years will bring oil prices tumbling back down to below $50 a barrel. Looking even further ahead, prices could easily fall to $30 a barrel or even lower. So before you trade in your Cadillac Escalade for a Toyota Prius, think twice: $1.50-a-gallon gas might not be gone forever.”
Why Oil Prices Will Drop - Economics Column - John Cassidy - Portfolio.com (via Jordan Cooper)
Exactly! “[Blank] are missing the crucial role that economic incentives play in determining the price of [blank]” could be used for so many applications. Not just in determining the price either but actions, availability, etc. etc.
A great example is global warming. All of the predictions are based on an assumption: If things continue as they are…. Well, things don’t continue as they are. Some things “unleash forces” that affect the future—the actions, availability, demand—of those things.
I heard some people talking on the train yesterday using this simplistic reasoning about mass transit and I wanted to jump in and shake them. (I didn’t.) “Mass transit is where things are going. People aren’t going to be able to afford gas at $5 per gallon.” Um, you’re right, which is why they’re going to demand better gas mileage, alternative fuel vehicles. One thing they’re not going to demand (at least in great numbers)? Mass transit.
Exactly! “[Blank] are missing the crucial role that economic incentives play in determining the price of [blank]” could be used for so many applications. Not just in determining the price either but actions, availability, etc. etc.
A great example is global warming. All of the predictions are based on an assumption: If things continue as they are…. Well, things don’t continue as they are. Some things “unleash forces” that affect the future—the actions, availability, demand—of those things.
I heard some people talking on the train yesterday using this simplistic reasoning about mass transit and I wanted to jump in and shake them. (I didn’t.) “Mass transit is where things are going. People aren’t going to be able to afford gas at $5 per gallon.” Um, you’re right, which is why they’re going to demand better gas mileage, alternative fuel vehicles. One thing they’re not going to demand (at least in great numbers)? Mass transit.
