June 3, 2009

Freakonomics: Summer Break

What are teenagers going to do this summer? I'm not sure there are going to be any jobs our there for them. So, let's play a Freakonomics-inspired game of predicting some economic results that will stem from this. I'll start. With more and more teenagers looking to self-entertain themselves this summer, I predict that more will experiment with sex than usual. And with less personal economic resources and with parents with less economic resources, I predict that this summer will likely result in one of the highest abortion rates ever.
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June 2, 2009

Ah, To Be Big

Let's say you're Iceland. When international laws are created, e.g. making it illegal to poach an animal close to falling on the endangered species list, you feel much pressure to obey it. Even if the hunting of this animal is a sizable industry for your country, other countries can respond by imposing trade sanctions on you, etc. to the point where it simply isn't worth it to fight them. But, if you're bigger than the country who could impose the sanction on you, they would be afraid to do anything in fear of any economic retaliation. Yes, you know what I'm hinting at. It's time to take Canada.
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