Thursday, March 15, 2012

Sure it's bizarre - it's economics

To say that economics is not as exact a discipline as physics isonly stating the obvious. But I maintain there are some physics-likeprinciples involved in the dismal science. If some of the effects ofOsgoodian economics seem bizarre and appear not to make a whole lotof sense, all I can say is that Einstein's relativity seems to fly inthe face of logic and experience, too.

Einstein's constant (C for short) is the speed of light, whichis always exactly the same, 186,000 miles per second. That is aspeed limit, by the way. No object can move faster than that withoutlosing its mass and disappearing completely. If you were travelingat 186,000 miles per second, I'll bet you …

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