7.24.2009

Found my login

Everyone who wants to play fantasy English Premier League Soccer can join my newly formed league. To join just go to espn.com, find the soccer section, click the fantasy tab, create a team, and then click the "league" tab and then in the join league section type in "Raffies and co" and just join. and get beat. aye.

7.17.2009

Blam!!

What a cool podcast on "price gouging" in the event of natural disasters. Just another one of those things you may not have looked at objectively and in a broad sense. The concept is that when you limit the prices a vendor can charge for an item, the end result is that the product is not even offered at market because essentially the incentive to bring the product to market is obliterated. So the price is infinity instead of whatever "gouging price" the vendor tried to charge. Also, the gougers won't charge any amount that people can't pay, because they'd be wasting their time and money investment in the venture. So over the course of the sales, the price will end up representing the perceived value of the good by the people that really need it. In the example discussed, so-called price gouging even takes care of making sure the ice (typically) makes it to those to whom it matters most. A person who was in line to buy the ice to keep their beer cold will not be willing to pay say $12 a bag of ice while a person trying to keep insulin cold will, so on average, the insulin person will get it, and will be happy paying $12, maybe even $50 and will feel like they got a deal.
Damn, economics is fun. (I think)

Hope everyone is enjoying summer.

Need any starts? I will probably have extra zucchini, beans, sugar snap peas, maybe spinach and lettuce, and some dill.
Let me know and get a pot and some dirt, I'll hook you up when they are ready.
Peace, y'all.