The Economics of Ponyville

Economics is not just the study of satisfying insatiable wants with limited resources, as so many Econ 101 textbooks contend. Economic science encompasses all human behavior: people acting rationally to reach objectives. Those objectives include such everyday dilemmas as deciding which checkout lane at the supermarket will be fastest, dating and finding the right person […]

Government: Ends and Means

     Everybody wants to fix things, both left and right. What we have is a war between ends and means. The left in particular cares little about means as long as they fix the current problem at hand. They don’t care if it creates other problems in the process. In fact, most politicians (left […]