Merry Christmas. For those of you who are actually surfing the net today, you might enjoy Art Carden’s Forbes piece on how economists ruined Christmas.
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I couldn’t use that link, but this:
http://www.forbes.com/sites/artcarden/2011/12/18/ruining-christmas-an-economists-guide/
Wrong headline in Forbes. It should be: Ruining Christmas: An Austrian Economist’s Guide
David Wallin: Link fixed. Thanks.
I assumed at first that the link was going to be to this article, “Macro Santa And The Austerity Grinch”. (http://www.forbes.com/sites/beltway/2011/12/22/macro-santa-and-the-austerity-grinch/) which I also enjoyed.
One of the problems with charity efficiency analysis is the creamed corn food drive example. Yes, food drives may appear to be less efficient than just giving out cash to the needy. However, if food drives raise cans to give away and cash drives raise no or very little cash — are food drives truly less efficient?
A propos to nothing, but the link shows first shows me this:
Not an accurate quote, but a true sentiment: Napoleon did not speak English.
Then again, “impossible” is spelled the same in English and French, so it probably WAS a word in Napoleon’s dictionary after all.
Unless Napoleon didn’t own a dictionary…?