So What Happens If the Delivery Trucks Don’t Come?

20171017_065436This past Labor Day, Paula and I did what so many Americans do over a sunny three-day weekend – we took a road trip. We had a wedding to attend in Austin and we thought we would make the most of it by dropping our kids off with the grandparents in San Antonio first. We had heard a few rumors floating around about a gas shortage following the devastation of Houston by Hurricane Harvey, but we noticed nothing unusual as we filled up the tank here in College Station and hit the road Friday evening for San Antonio. Now kid-free, we started out for Austin the following morning with half a tank of gas. We were surprised to see that the two gas stations on the corner were indeed out of gas but figured we would just stop further along the way instead. But the next station was out of gas too. And so was the next. And the next! After about an hour of this we started feeling a little panicky. If this continued on would we even be able to make it to the wedding? And what about the kids? Continue reading

The Birth of the Modern Shark Tank Economy

imagePaula and I are both readers. Except in the case of a movie night or some other exceptions the TV doesn’t get a lot of play time in the Golbabai house. One of those exceptions however is our favorite Friday night tradition: putting the kids to bed and watching Shark Tank over a bowl of ice cream. As an economics blogger, I find the show fascinating because in just a few short minutes it is a perfect microcosm of how our modern economy thinks and rewards. Continue reading