Quote of the Day - 5.16.09
"Perhaps it would be restful to give moral reasoning a rest...."
Yeah, I guess it would be for some of us. Even better, though, would be to stop pretending you can tell fables about the economy based on a single poorly written paper on an absurdly narrow topic. I don't think the fact that demand goes down as price goes up is going to come as a big surprise to anyone in the economics profession.