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April 21, 2012

"21 Economic Models Explained"

Part of this will be familar to econonerds, but there's a lot that's new.

You have 2 cows.
You give one to your neighbour.

You have 2 cows.
The State takes both and gives you some milk.

. . . 

You have two cows.
You go on strike, organize a riot, and block the roads, because you want three cows.


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You have two cows.
You give them to Moses, who invests them in the commodities market. You end up with the second best air force in the world.

[I couldn't resist ...]


The California version. You have Two cows, the state agriculture dept fines you for non-compliance in Dairy safety regulations. The state raises your taxes. You have to learn Spanish to hire illegal aliens to milk your cows. Eventually the cows die because all the water to your county was cut off by environmentalists.

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