The lottery is supposedly one of the worst of all economic institutions as it presents a guaranteed method to lose money over the long-run. In the past, I’ve written about why I buy lottery tickets, and I even provided a logical explanation for lottery ticket purchases later that week. I still think the lottery is […]


We all know it, that cliché of the worst sort: “Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime.” I’m thinking it’s time for an update, and from here on out “teach a man to fish” will be “give a […]

{ Comments on this entry are closed }

The world is all about perspective, but when it comes to money there are only two perspectives, it seems. We either appreciate money, or we appreciate the things we can buy with money. Overall it’s a fairly simple concept—how we spend our money has much to do with how we value its utility, and how […]