A great article from Greg Mankiw in the New York Times… few key extracts: “One thing I did not consider was the price. Like most consumers of health care, I was insulated from economic concerns. I knew that the insurance company
Category: Business
Great Adages
Amara’s law — “We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run”. Gall’s law — “A complex system that works is invariably found to have evolved from a
Earmarks and Congressional Corruption
You may have read this article about the law closing in a John Murtha (D – PA). A few excerpts: Murtha’s richest earmark largesse was saved for a former appropriations subcommittee staffer who had a long-standing personal relationship with the
All it Takes is a Little More Money
You’ve probably encountered someone who said, “our education system would improve if we only spent a little more money…” Well, here is a great chart I found at Coyote Blog. It shows the spending per pupil versus the math and
The Law of ‘Green’ Unintended Consequences
Engineers always exclaim that there is no silver bullet… just a portfolio of trade-offs. Well, for the eco-freaks, there is a new study that concludes that windmills in California are killing many birds… Oh my, it’s not just a Kennedy
Official Intelligence Test
Courtesy of StrangeCosmos 1. Is there a 4th of July in England? Yes or no? 2. How many birthdays does the average man have? 3. Some months have 31 days. How many have 28? 4. How many outs are there
Uncle Milty and Bailouts
How would Milton Friedman feel about the bailouts…
Czars and Engineers
Here is a story from a senior level Chrysler person … via Slick Monday morning I attended a breakfast meeting where the speaker/guest was David E. Cole, Chairman of the Center for Automotive Research (CAR), an Engineer with 40+ years
Funny Things to Say to a Waiter
1. “Can you tell me yesterday’s specials, please? I have a time machine.” 2. “I need to speak to the manager. No, the service was fine, but she won’t let me see my kids.” 3. “Can you recommend a Merlot
Funny Signs for Businesses
Courtesy of StrangeCosmos 1) On a Septic Tank Truck sign: “We’re #1 in the #2 business.” 2) Sign over a gynecologist’s office: “Dr. Jones, at your cervix.” 3) At a proctologist’s door: “To expedite your visit please back in.” 4)