Wednesday, January 21, 2009

Economics

Today I had my first public sector econ class... I learned what it means for the market to be 'efficient.' As long as there is the possibility that one person could be better off without another person becoming worse off as a result, the market is considered inefficient. Also, we learned that basically... the idea of a free market working right is a fairy tale. It's pretty much impossible.

Also, apparently San Francisco is considering a 'congestion tax' to tax cars going into downtown SF, because traffic is so bad. (HEY BAY AREA... How about a congestion tax on the dummies who cause the congestion?)

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