Monthly Archives: October 2020

Can the Great Barrington proposal save the economy?

The Great Barrington Declaration argues against universal lock-downs: Those who are not vulnerable should immediately be allowed to resume life as normal. Simple hygiene measures, such as hand washing and staying home when sick should be practiced by everyone to reduce the herd immunity threshold. Schools and universities should be open for in-person teaching. Extracurricular […]

Two Price-setting Monopolists Meet in the Street

Two price-setting monopolists meet in the street. One says to the other: "I will buy 10 more of your overpriced bananas, but only if you buy 10 more of my overpriced apples in return. Deal?" The second monopolist accepts the deal. They meet in the street again the following day. One says to the other: […]

Pain, brioche, and the language of taxation

Ireland's Supreme Court recently ruled that the buns Subway uses in its sandwiches contain too much sugar to be considered "bread", and are thus subject to Value Added Tax (VAT). The decision lead to headlines and discussion along the lines of "Irish High Court Rules Subway’s Sandwich Bread Is Not Legally Bread" or "Ireland declares […]