“Why buy the cow?” An overview of economic systems

This pre-election quick course in economics showed up recently in my e-mail. My high-school history teacher actually used the “cow” example to explain certain socio-economic systems, but this list has had a few additions since the late 1970’s. SOCIALISM You have 2 cows. You give one to your neighbor. (“From each according to ability; to each according to need.” It’s actually not a bad concept of community, in my opinion – it’s not unlike the […]

Saturday Review 11/1: Transition Edition

Today’s the day we officially take possession of our new residence! The movers are coming on Monday, and we’ll be bouncing back and forth between our current apartment and the new townhouse for the next few days. I’ll be offline during the transition, since we have a cable modem and we’re having the cable shut off today at our old place; the new access won’t be hooked up until Tuesday. I have posts scheduled to […]