Friday, July 13, 2007

Money by Fiat, Razors by Choice

Interesting post by Tyler, on the rupee/razor blade black market "exchange rate."

Even the comments are interesting and pretty well informed.

Money is usually a very cool but dangerous topic. It is easy to say dumb things about it. One of my favorite things to do is just listen other people talking about monetary theory or policy. The things that pass for knowledge, I just dont' understand.