Category Archives: Economics

Toll Roads

One of the first principles in economics is that incentives matter. When most people think of incentives, they usually think of the price of a product or service. However there are many other incentives. One is time. For example, the first ever economics joke is that there is no free such thing as ‘free lunch.’ […]

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Don’t think, Do the Economics

There was a news article about an uptick in violence in a community in South Florida. “There’s been an uptick in violence and most of it we know what’s going on, it’s poverty.  It’s economics,” said Daniella Pierre, president of the Miami-Dade branch of the NAACP. “They have failed to address the economic wellbeing of […]

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The Phoenix

My brother in law Volkan had to liquidate the tools and equipment of his namesake Istanbul restaurant today. It got me wondering about what kind of phoenix(s) will rise from the ashes of COVID. I then remembered my ambitious nephew Yuma who started a composting operation creating soils. Farmers highly value soil, and he wants […]

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