The Ever-growing Size Of Software Applications Is

Regardless Of How It's Done, Transaction Costs Will Continue To Plummet As Computers Get More Powerful. Low Transaction Costs Are A Wonderful Thing If You're In The Transaction Business. They're Wonderful For Consumers Too, Making It Cheaper And Easier To Buy Things And Creating New Things To Buy.

Economists Want Their Discipline To Be A Science, And They Have Nailed Down A Few Precepts, But Many Of Their Debates Are Still Clouded By Ideology.

A Blowtorch Is A Wonderful Thing. You Can Get One Of Those For About 25 Bucks At Home Depot. And There's A Ton Of Things That You Can Use A Blowtorch For, In Browning A Steak Or Touching Up The Browning Of A Chicken Or Making Creme Brulee.

We're More Familiar With What Economists Call An English Auction - Prices Start Low And Rise As People Bid. However, There Is Also The Dutch Auction, Where Prices Start High And Go Lower Until Somebody Bites. Movies Are Sold To The Audience Via A Very Slow Dutch Auction, Where Each Phase Between Price Drops Can Last Weeks Or Months.

We Collectively Have A Special Place In Our Heart For The Manned Space Flight Program - Apollo Nostalgia Is One Element, But That Is Only Part Of It. American Culture Worships Explorers - Look At The Fame Of Lewis And Clark, For Example. The American People Want To Think Of Themselves As Supporting Exploration.