Discover more from Monday Morning Economist
Tuesday's Assorted Links
Exam Proctoring, Sunk Costs, Water Differentiation, Student Loan Relief, Gross Domestic Income
Hi, y’all! Here are the 5 stories from the past week that I found most interesting and worth sharing with you:
A federal judge in Ohio has ruled that remote-proctoring exams that require room scans are unconstitutional [NPR]
A $7.8 million yacht capsized into the Ionian Sea and became a literal sunk cost [Bloomberg]
How can beverage makers differentiate water? Make it look alcoholic! [Wall Street Journal]
Student loan relief might increase inflation, but it also might not [Economics BS]
Instead of looking at changes in Gross Domestic Product (GDP) as a marker of a recession, perhaps we should focus instead on what’s happening with Gross Domestic Income [Wall Street Journal]
Yesterday I wrote about how the job of a lighthouse keeper has changed over the years. If you’re looking for some part-time work in Scotland, I know of a job posting!
Week 34 is over and I’m up to 35 books for the year. This past week I finished Paul Oyer’s new book, An Economist Goes to the Game. Instead of a Freakonomics-style approach with new stories and applications, it mostly takes popular sports stories (like the Olympics or the steroid era) and frames those stories in the context of economics. Overall it was an okay book, but if you’re interested in the intersection of economics and sports, I would recommend Scorecasting by Tobias Moskowitz and Jon Wertheim.