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five things tagged “economics

“CEO’s Skill Set Transferable To Any Job That Requires Dumbass To Receive Big Salary” (theonion.com)

NEW YORK—Claiming he could easily fit into a similar position at most companies, local CEO Mike Waltke told reporters Monday that his skill set was transferable to any job that requires an inept dumbass to receive a big salary. “I have the incompetence necessary to effortlessly transition into a…

Shorting Things

You predict (or have insider information) that the price of lawnmowers will fall. The current market price of a lawnmower is $1,000. You go to Eddie’s Lawnmower Rental Company and rent a lawnmower from Eddie for $10 a day. He doesn’t care about you returning the same lawnmower; he just wants you to…