Posts Tagged ‘opportunity cost’

  • Our Transportation Infrastructure is Crumbling

    Who Will Pay For Our Roads?

    Sep 18, 12 • 489 Views • No Comments

    In President Obama’s State of the Union address last January, he referred to the problem of our crumbling transportation infrastructure. One solution is at the gas pump. When you filled your tank, you paid for fuel and probably also a road. In 1956, the......  [read more]

  • QE3 and the Baby Boomers

    Sep 14, 12 • 464 Views • No Comments

    At the beginning of yesterday’s QE3 press conference, Fed Chairman Ben Bernanke referred to the plight of savers. Similarly, during an August “Conversation With the Chairman,” Dr. Bernanke was asked, “What about the savers?” Both......  [read more]

  • How much should cities plan for the storm of the century?

    A Weather Dilemma for NYC

    Sep 12, 12 • 456 Views • No Comments

    In NYC, the last time that the East River touched the Hudson River (see below) was on September 3, 1821 when a hurricane struck directly and the tide rose 13 feet in one hour. Should the city plan for it to happen again? Along its 520 mile long coastline, New......  [read more]

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    Guns or Yogurt?

    Aug 26, 12 • 550 Views • No Comments

    It appears that the New York State legislature will soon experience a clash between gun producers and gun control advocates. These quotes sum it all up: A Remington employee: “In my eyes, Remington goes away, Ilion goes away.” A gun control......  [read more]

  • Olympic Medal...olympics_000019262071XSmall

    How Much Is An Olympic Gold Medal Worth?

    Aug 4, 12 • 987 Views • No Comments

    In addition to the gold, silver or bronze, Olympic athletes get money for winning. The amount, though, depends on their National Olympic Committee. The Singapore Olympic Committee gives its gold medal winners $800,000, a UK gold medal winner gets his or her......  [read more]