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December 22, 2005



Of course the overwhelming part of the tax cuts are not financed by budget cuts. Silly spending by the rich is matched with silly spending by the government.


In "Winner-Take-All-Society:..," Robert Frank & Phillip Cook mention the phenomenon of competitive body modification. Through tattoos, individuals attempt to distinguish themselves by belonging to a tribe. As tattoos become more common (some of my college students belong to the same tribe as the grandmother cashier at our Wal-Mart), the level of body modification increases.

The Nash equilibria of the positional goods games (status birthday parties and "tribal" tattoos) have a heck of a lot of ink & dang big birthday parties.

Bring on the dancing ponies and the dermal punches!

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