Dutch Disease Strikes Mongolia

Just six years ago, Stephen Colbert told us that the Mongolian edition of Cosmopolitan was selling for 7,000 tugriks. He added that subscribers got half off the newsstand price and a free goat bladder phone. The arrival of Cosmo was an…

Is $3.9 Million the Right Price for a Super Bowl Ad?

In an ad for the (Super Bowl) ad, Stephen Colbert talks about Wonderful Pistachios. http://www.youtube.com/watch?v=oKAG7UJ-NWk Fox said its Super Bowl TV ad inventory (estimated at 65 spots) for the game is sold out. According to Ad Age, that inventory included…

The US Drought and Pizza

Discussing the impact of this summer’s drought on pizza, Stephen Colbert said, “It is one thing for global warming to make the sea levels rise but nobody told me it could make my cheese levels recede.” Colbert was reacting to…

The Norwegian Butter Crisis

Reserves were low, demand was high and prices skyrocketed. No, not oil. Butter. Butter demand surged in Norway several months ago when a low carb high fat diet swept the nation. At the same time, the supply of butter plunged…

Mankiw and Colbert

For some smiles and econ also, the following links are fun. It all began with Harvard’s N. Gregory Mankiw’s NY Times op-ed column on higher tax rates. Explaining, he said that $1000 wisely invested, with no taxes, became $10,000 in…