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Since you are my readers, and I have not been much of a traveller, I will not talk about people a thousand miles off, but come as near home as I can. As the time is short, I will leave out all the flattery, and retain all the criticism. — Henry David Thoreau

Archive for September 1st, 2004

Monetary economics from Gilligan’s Island

Wednesday September 1, 2004 07:30

Have you wondered why Gilligan et al. used The Professor’s US currency rather than switching to a gold standard? Why the Sadam Dinar has doubled in value despite no longer being backed by a sovereign government?
The Ludwig von Misses Institute has posted an interesting discussion of economics using Gilligan’s Island and modern day Iraq [...]