supply and command

Optimal Consumption Basket

"Cigarettes, whiskey, and wild, wild women!"

(Britain's Henry Allingham, at 113 the world's oldest man, when asked about his personal recipe for longevity).

Ferguson on Money

Just discovered that Niall Ferguson's entertaining TV series The Ascent of Money, which is based on his equally recommendable recent book, is up on google video. The video below shows him conversing with Harry Kreisler of Berkeley's Institute of International Studies about the same topic.