All Posts Tagged With: "light bulbs"
Light Bulb Hoarding
Europe’s ban on incandescent light bulbs goes into effect today. Not surprisingly, there have been reports of stockpiling of the old, eco-unfriendly light bulbs for allegedly “aesthetic” reasons. But my guess is those incandescent bulbs will be modestly profitable on Europe’s black market. Capitalism can’t be stop, only driven underground.From the New York Times: Under [...]
2Sep2009 | Mike Van Winkle | 6 comments | ContinuedDim Bulbs
“Hell, there are no rules here—we’re trying to accomplish something.” —Thomas A. Edison Edison’s words may have been true in the 1800s. Today, however, we have plenty of rules, thanks to the U.S. Congress. Some are so bizarre that you have to question the judgment of those who come up with them. One rule in [...]
10Jun2009 | Michael Heberling | 30 comments | ContinuedOpportunity Cost and Hidden Inventions
Few people think about opportunity cost as systematically as economists do, but all of us are constantly guided by the opportunity costs we face. If, as you are reading this article, you learn that someone a few blocks away is giving $1,000 to anyone who comes by, I predict with confidence that you will quickly [...]
1Apr1999 | Dwight R. Lee | 1 comment | Continued-
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