Author Archives: fox

Mediocrity

“Mediocrity knows nothing higher than itself, but talent instantly recognizes genius.” Sir Arthur Conan Doyle

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Shitload of Wasps

“The basic idea of the Iraq war is that when you got stung by a wasp, the best thing to do it is to search for the wasp nest and hit it really really hard with a stick.” Paraphrasing from … Continue reading

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Club / NYC / 2008

It has been a while since I was in a club in NYC. I mean a real club: electronic music, danceable, with the right crowd and the right place at the right time of the night. The club scene in … Continue reading

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Obama

Obama became President last week, which is of course a good thing, considering I supported him. 😉 It took me a while to get there, though. A short history … I actually didn’t get what people had with him in … Continue reading

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Desert

Hedgy: Hey man, what’s up? Investy: Not much, what are you up to? Hedgy: I wanna ask you a favour, actually. Do you see Sue Prime over there? Investy: Yeah, don’t really know her, though. Hedgy: You don’t have to … Continue reading

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The four cherished biases of Otto Normalverbraucher

Four important opinions of average voters that differ from the views of the trained economist. The average voter … Does not understand or appreciates the way markets work (and thus favors regulation and is suspicious of the profit motive) Prefers … Continue reading

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the US in one sentence

“The big problem in this country is we’re hedonistic in our behavior and moralistic in our attitudes.” Michael Weinstein, the president of the AIDS Healthcare Foundation.

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Producing Jobs

An economist visits China during the time of Mao. Party officials show him a new dam being build by thousands of workers with shovels. Being an economist he asks: “Why don’t you use machines to do the job?” One of … Continue reading

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So true …

“The secret of being a bore is to tell everything.” Voltaire

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G8 ist hier

Ein sehr guter Artikel in der Zeit zum Thema Globalisierung.

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