From Instagram Again

Invitation to the vineyard in #Impruneta? Check. Lovely evening at the #Collazzi #WineTasting. Alla prossima in Toscana. #instablog via Instagram http://ift.tt/1IO5czc

From Instagram Again

#tbt or #flashbackfriday depending where you are to last Thursday #SpaghettiWestern #instablog via Instagram http://ift.tt/1NVf4uf

#Rosé #WineTasting chez @perrineswine introducing me to the wonders of #Calcu #instablog

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Efficient Market Hypothesis at work (BSBTE)

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Copyright and Disney (BSBTE)

It is known as the Mickey Mouse Curve.

Explained at TechDirt, with a quick look at the some consequences.

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The great equalizer (BSBTE)

In short, what would likely most impress a visitor from the past about Bill Gates’s life are precisely those modern advantages that are not unique to Bill Gates – advantages now enjoyed by nearly all Americans.

As quoted in Cafe Hayek.

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Yes Minister: hospital jobs (BSBTE)

On YouTube, here.

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Protectionism: Politics or Economics? (BSBTE)

Well, guess.

Via Cafe Hayek, on Freedom to Choose.

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Piketty on US Inequality (BSBTE)

As explained in Reason.com:

Piketty is being celebrated for supposedly demonstrating that the deep structures of capitalism tend toward ever-greater inequality. But in the United States—the most unequal of all the advanced economies—the main explanation offered for the growing gap between rich and poor is that 100,000 or so corporate managers are being overpaid. What’s getting all the attention is Piketty’s depiction of rising inequality as the tragic flaw at the heart of the entire capitalist economic system. But what’s really going on, at least according to Piketty, is a comparatively narrow and shallow problem of corporate governance.

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Voting Schmoting (BSBTE)

We have said it before, and Gordon Tullock says it again.

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I’ll have a large slice of employment, please (BSBTE)

Thomas Dalrymple responds to Paul Krugman Slice of Labour.

He concludes:

Mr Krugman’s argument is not the argument in favor of labor market rigidity as above, however. He is what one might call a slice-of-cake man, where an economy is a cake to be sliced rather than a dynamic organism to be nurtured, and where supply and demand can be managed without reference to price. There may be cruder economic ideas, but I don’t know what they are. He is also, of course, a proponent of ever-greater government stimuli to the economy. In this article, he quotes John Maynard Keynes on the dangerous influence of ideas. I wish he had quoted Keynes’ eloquent words on the effects, social, psychological and economic, on the debauchment of the currency.

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Anecdotal Evidence (BSBTE)

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Miss America is killing us by steam (BSBTE)

Because correlation – causation, right?

Endless fun to be had at the Spurious Correlations website.

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First Paycheck – more than money (BSBTE)

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The Adventures of Fallacy Man (BSBTE)

Wherever someone is illogical… he will be there!

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Decision Making (BSBTE)

What I think whenever I watch a singing talent show.

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First Shopaholic (BSBTE)

I learned from the podcast Good Job Brain about Mary Todd’s Lincoln incessant shopping. She was almost like an older-day’s Kardashian, with the press following her from shop to shop.

In fact, she was so addicted to going shopping that she used some of taxpayer money out to buy things with at shops. She also thought that a good use of the federal funds would to be to redecorate the White House using it. She brought the idea of redecorating forward to congress, who approved and gave a $20,000 limit.

Which she exceeded.

Apparently much of her spending was kept form her husband, and stories say she sold off White House manure – purchased as fertilizer – to help her repay some of her outstanding debts.

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The saddest sentence you will read this week (BSBTE)

Re-posting form Rebecca’s personal blog:

“Prison was the first time in her life she had experienced reasonably consistent and decent treatment”

From the article Some to Misery Are Born.

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People helping people (BSBTE)

Paraphrasing Penn Teller: “When somebody tells me 1 out of every 5 people lives in poverty, I think that poor person has a whole 4 people to help him out. That’s good.”

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Ocean’s New Book (BSBTE)

On this fine Friday, I add a shameless plug of Ocean’s latest publishing adventure.

Ocean runs the translation agency Acahi, working with a network of freelance translators. Freelance work in general is as exciting as it is intimidating, and in translations more so than in some fields, as you truly are on your own. Where do you start? How do you connect with the proper networks? How do you stand out? And logistics: connecting, communicating and most important of all: getting paid.

Well Acahi is here to help with their new book How to be a successful freelance translator: make translations work for you (see what he did there?)

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