“In 2016, the Belgian brewery De Halve Maan (DHM) completed the construction of a pipeline that now transports beer from its brewery in Bruges to its bottling plant located in a modern industrial park 3.2 kilometers away.” An unusual aspect of the project was that it was partly crowdfunded via a scheme which gave investors […]
Tag: economics
Pseudo-profound bullshit commemorated: The Laffer Curve
Today the New York Times celebrates, deadpan, a fake relic of a historically influential example of pseudo-profound bullshit. Under the headline “This Is Not Arthur Laffer’s Famous Napkin,” The Times says: It is one of the iconic moments in modern economics: A young professor named Arthur Laffer sketched a curve on a bar napkin in […]
“Dead Cat Bounce” (an elucidation)
If you’re not sure what the phrase “Dead Cat Bounce” might mean, then the online pages of the journal Medical Economics are at hand for assistance. The publication informs, with regard to Dead Cat Bounce : “That term refers to a stock that’s had a rapid, steep decline, followed by a brief rally. Like a […]
How money circulates [a new economics insight, using a bicycle in Britain]
John Stevenson, writing on the road.cc web site, explains how money circulates: “Stuck in the middle of nowhere with a gert big gash in a lightweight tyre? The Bank of England Five Pound Note is an excellent, robust tyre boot that will get you home, and then you can pop out and spend it on […]