iSnack Two Point – Oh dear…

The Kraft company has released a new Vegemite product made of cream cheese and Vegemite.

The product is a high-risk variation on the classic Vegemite recipe – a Vegemite you keep in the fridge. Apparently items kept in the fridge get used more than things in the cupboard, so this creamy new guy should improve sales!

To improve awareness, Kraft ran a competition to name the new product. And the result they chose from thousands of entries?

My lord. Continue reading iSnack Two Point – Oh dear…

Krugman – what’s wrong with economics

I studied economics.  Then I worked at Treasury.  So I should know about economics.  But instead I find it confusing.

There are two types of things I find confusing, normally.  One: things that are complicated.  The other: things that don’t make sense.

Fortunately, Paul Krugman has just written an article in the New York Times which confirms what I hoped.  Turns out large parts of economics don’t make sense! Krugman has good evidence for how ridiculous some economic theory is, in the form of the financial and economic crises we’re having.

This makes me feel heaps better about not getting it. The article goes through some of the biggest, dumbest ideas in contemporary economics and calmly explodes them. Continue reading Krugman – what’s wrong with economics