On June 25th, 2019, rapper Travis Scott announced a collaboration with Reese’s Puffs cereal, selling limited-edition boxes for $50. That price seemed ridiculously high to me. I wouldn’t pay $5 for cereal, let alone $50. Joke’s on me though, because they sold out in less than a minute. The next day they were up on … Continue reading Respect the Hustle: Travis Scott Cereal Boxes and Arbitrage
Alex: No! I was right! ….A year ahead of time. Clearly, I was just predicting the future. Paul Romer is a Nobel Laureate for “integrating technological innovations into long-run macroeconomic analysis.” Remember when I talked about the impact of innovations in South Korea in our 2017 predictions? How they were on the cutting edge with … Continue reading We Got It Wrong: Paul Romer and William Nordhaus share the 2018 Nobel Prize in Economics.
I confess: I’m addicted to the battlefield that is the Facebook comments section. Maybe I need to go see a psychiatrist, but the moment I discover a comment thread where two wildly different ideas clash, my interest is immediately piqued. I even enjoy a healthy dose of schadenfreude whenever a conversation devolves into personal attacks. … Continue reading The Truth Behind Facebook Arguments
By Kevin D. Gomez and Alex Kanode Mother’s Day is around the corner...like, tomorrow. Some of y’all may be panicking as we speak, thinking about what to buy the mothers in your life. Maybe you’ve read a clever economist’s argument that the best gift is cash and you’re thinking to Venmo your mom some dough. … Continue reading ReasonablEconomics Advice for Mother’s Day
"He can visit all the diners, drive-ins, and dives he wants and poll every person in the U.S., but he won’t get all the local knowledge he needs to make the right decisions."