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Showing posts from February, 2021

Hands on Micro exploitation

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 I have not written for a while.  I have been spending more time in my shop building a couple of items.  Building things even if you do it as poorly as I do gives one insight into what goes into an object.  I built a table to go with my smoker.  If I was to simple purchase a table I would not give the materials much thought.  Since I built it I had select materials.  My decisions were based on suitability of the materials, how easy the materials are to work with and as always cost. For this table I selected 1"X2" cedar for the wood top and basically plumbing fixtures for the base.  In the end it was over engineered and cost more than anything I could have bought.  But, as a hobby it filled a couple weekends and kept me active.  The remaining items were glue, paint, and screws.  I even justified buying a new clamp as well.  Don't anyone tell my wife. So since I built it I can safely say that I had my hands on every piece of mate...

Economic Theory

Posts since about the new year have contemplated the new year the new you and the events of the day as they unfolded.  I still ponder events and the direction I should take my life.  Retirement is on the horizon I seem to work now simply to put money aside for the time my income is reduced and possibly fixed. I joke that I am financially secure as long as I don't plan on spending money.  This post focuses on a particular subject I am interested in.  That subject is economics.  I am not a PhD in economics.  I cannot quote economic theories and the originators of the theory.  Such as " I follow Keynesian Economics"  I really have no idea what that is.  You can google it and memorize it to impress your friends.  I do have an MBA so I have spent some time in a classroom learning micro and macro things.  Most of my memories of the the classes involves an economic professor butchering the simple mathematics of cost elasticities graphs....