The Real Value of a Powerball Ticket
Alex Tabarrok has a fun post calculating the monetary value of a Powerball ticket. He estimates that, as of the most recent drawing, each $2 ticket carries an expected monetary value of roughly $2.73. Superficially then, it’s worthwhile to buy one.
The Big Short
The movie The Big Short is really a pretty good movie. It was closer to the truth than most products out of Hollywood regarding “capitalism.” Plus, it gives the audience at least some idea of what Mortgage Backed Securities (MBS), Collateralized Debt Obligations (CDO), and Swaps are.
Claudio Grass: The Swiss Vote on Fractional Reserve Banking
The Politicization of Society
The Politically Incorrect Guide to American History
Bernie Sanders and the Tragedy of Price Discrepancies
Bernie Sanders received some hefty backlash and ridicule on Twitter for this tweet:
