Category Archives: Uncategorized

You know that warm tingling feeling you get after a few drinks? Some of us call it a liquor blanket and it’s when alcohol consumption makes you feel a little warmer, a little cozier when it’s cold out. This odd … Continue reading →

I have approximately 17 minutes to express myself before the deadline so let’s keep this brief. The word “buffet” brings all kinds of thoughts to mind. Some may think of value, others may think of bloating. Then some may think … Continue reading →

Smartphones should have a positive externality on work and production. Now that people have the Internet with them at all times they are able to check e-mail and do other work related activities that they were not able to do … Continue reading →

Is being a vegan really good for our planet?    There are many reasons people choose to be vegans, animal cruelty being on the top of the list.  I agree that animal cruelty is a heinous act but are we … Continue reading →

One of the questions that bothered me recently is that why the police departments couldn’t be private-owned. United States is a privatized country. Most of the companies are private-owned, and it works very well and makes the U.S. becomes the … Continue reading →

As I’ve been outside wandering and hiking around in this crazy and beautiful weather I’ve found myself laughing at people in ill equipped vehicles attempting to get around in this inclement weather. Be it a car with no front wheel … Continue reading →

Cigarettes are a demerit good which is a good that is over provided by the market and consumption of this good is harmful to society. Cigarettes are harmful to society because they produce a negative externality. This is because the … Continue reading →

Negative and positive externality costs and benefits are rarely the stuff that makes headlines. While they are easy to identify on a principle’s level graph ,in the real world it is harder to find them stated in such black and … Continue reading →

The best example I could find in differentiating between correlation and causation is explained in a graph published by gizmodo.com.  The graphic shows a strong correlation between the market shares of the web browser internet explorer and the amount of murders in the … Continue reading →

I often hear people make statements and argue points with poor judgement. Many of these misguided opinions occur because of that person’s failure to accurately distinguish between correlation and causation. One analogy that could be made to highlight this phenomena … Continue reading →