RickandSusanna.com

I haven’t blogged now since just before we left for the holidays. I have 12 draft articles, so more commentary to come but nothing finished so I thought I would give the 411 on the Rose Christmas.
TRAVEL
Saturday, December 20th I got up early, walked to the subway, took the subway downtown, walked to the NJ [...]

Tomorrow we leave to drive to Atlanta. We considered flying and luckily decided against it as the snow is falling and flights are rumored to be as much as 2 days delayed. Micah has a song for the moment:

Let’s modify our last exercise and move from a one time trade, into an ongoing series of trades. (please note I have no idea about birth rates and growth of baby animals, so correct me if you know)
John still raises chickens and he still wishes to eat steak. Likewise Bill still raises cows and wishes [...]

John raises chickens. He has 4 chickens, but he wishes to eat steak.

Bill raises cows. He has 3 cows, but wishes to eat chicken. 
John offers 2 chickens for 2 cows. Bill refuses as he would have 1 cow left - he needs 2 to reproduce. Bill offers 1 cow for 1 chicken.
Analysis. 
In part 2 we [...]

Our nation is expanded to 2…
The most basic trade
John raises chickens. He has chickens, but he wishes to eat steak.
Bill raises cows. He has cows, but wishes to eat chicken. 
John trades 1 chicken to Bill for 1 cow. 
This is the most basic economic transaction. Both had a surplus of goods they were willing to trade [...]

In order to understand economics, it is helpful to think on a small scale. I’m hoping to build simple modelfor all to understand. I will build upon this model and I encourage feedback, why, and what-if questions. I make no claim to having economic authority so this is for me as much as anything else. [...]

This is titled part 2b, as my friend Chris Waner has written parts 1 and 2 on his blog The Free Exchange. Read his article “Government Employment” here. To summarize, Government cannot create wealth, it cannot create new jobs. 
one of the great myths about government is that it can employ people for the betterment of the economy [...]

My wife asked me to do a post about my Grandpa Rose as she never got to meet him… he doesn’t much fit into just one post so we’ll see what happens here.

Life and Legacy
My grandfather was one of 7. Born in a very small Pennsylvania cabin to a Jewish mother and a drunkard [...]

Happy Thanksgiving from 58th and Broadway at the Macy’s Thanksgiving Day Parade! Here is Micah happy:

And here is Micah not so happy as the Georgia Tech band goes by: