Friday, October 24, 2008

When it Comes Down to Food...'s easy to understand. My friend D-Cup over at Politits has come up with a sure-fire fool-proof way of explaining Economics 101 to the masses.

Just think of it in terms of food:

The Law of Diminishing Returns
Let's say I'm craving Oreos. The first one tastes fabulous! Yum, yum, yum. The next three are delicious! As I continue to finish off the whole damn bag? Each consumed Oreo doesn't taste as great as the last.
There's more, including the immortal "potato chips as trickle-down economics". Go ahead and read the whole thing. It's the most succinct and understandable explanation of the "dismal science" that I've ever seen.