Markets in Everything: Bin Laden edition

Here’s how the killing of Osama Bin Laden may affect: Stock markets. Share prices rise. Commodity markets. Oil prices fall. Election markets.  Obama to get re-elected? Artists’ First Response.  A Bin Laden folk song? Healthcare Economist’s Receipt of Spam.  I’ve received an above average number of  unsolicited emails today regarding how Bin Laden’s death will affect…

Solving California’s Water Shortage

Forbes reports that “California is perpetually portrayed as suffering from a shortage of water. Case in point: Gov. Arnold Schwarzenegger recently declared a statewide drought, telling citizens to prepare for rationing.”  As any economist would tell you, the solution to the water shortage problem is simple: raise the price of water. The largest culprits of…