It's another one of those days when all those nagging thoughts that pop into our heads for no apparent reason couldn't keep themselves contained....
We've been wondering lately about Tyler Cowen and Alex Tabarrok, the co-authors of Marginal Revolution. Specifically, just which one is the "marginal" half of the revolution? Which do you think the other would point to? And what if you asked them together?
Even worse, could they have something to do with the Margarine Revolution?
This whole thing about the trade deficit leading to national debt... we're not exactly sure how that happens. Correct us if we're wrong, but when the people who import stuff from China, Japan, Europe and Botswana into the US get around to selling it, don't they do it for a lot more money than they paid for it?
Glenn Reynolds quotes Groucho Marx today. Here our a few of our favorite Marxist principles:
Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies.
I worked my way up from nothing to a state of extreme poverty.
A black cat crossing your path signifies that the animal is going somewhere.
And finally, because it's so appropriate when discussing Marxist principles:
Those are my principles, and if you don't like them... well, I have others.
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Closing values for previous trading day.
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