Fantasy Sports is better than Fantasy Economics

A few weeks ago, I noticed that Fantasy Sports is now getting billing ahead of actual sports.

: look at the left column..Fantasy sports gets top billing, both under sports and under the NBA menu.

Years ago, a friend asked me why, as a sports fanatic at that time, I didn't play fantasy sports. I told him that 1) I wasn't interested and that 2) I suspected it would give couch potato fans the opportunity to act like they are the real coaches and general managers of teams (instead of just fans yelling at the scream about what the coach, owners, or players should have done differently).

* * *

I just read a Tim Worstall article in Forbes Magazine. Worstall notes that Chang Ha-Joon and Hans Rosling agree that the washing machine is a more important invention than the Internet.

I have no doub that Worstall, Chang and Rosling all know more about economics than I do, they have forgotten more than I will ever know about it.

But wait...there is a discussion among some really educated men about whether or not the washing machine is a more important invention than the Internet? Is this really real?

Question 1: Even if true.... so what?

Question 2: Accepting that they are correct...then what?

A great thing about being an intellectual--you can make observations that don't need to be tested in the real world. Chang Ha-Joon's book on capitalism is full of such irrelevant observations mixed in with strawmen. And Ted.com, where I first came across Rosling, is grooming and highlighting a whole generation of talkers making witty observations that I'm sure will do better in the fantasy world than the real world.

How many angels can dance on the head of a pin? How many economists does tit take to start a washing machine as they cruise the Internet? With the kinds of observations that Chang often makes, I am convinced that he will live to be about 300 years old. That's because his observations are clearly from a man who thinks he will live for about three centuries, so he doesn't need to worry about making observations that are relevant to today.

So I will make my own irrelevant observations. At least with fantasy sports:

1) A fan's picks will get examined during and after the game, demonstrating whether or not they were good that week or season at guessing which players would do better in their fantasy leagues. That's unlike the expert economics who talk all day but couldn't squash a grape when it comes to action.

2) The fans aren't treated like geniuses for making irrelevant observations.

2014-02-14 Yeon-Mi Park`s debut

Yeonmi Park, February 14, 2014, making her debut! Yesterday I was one of the speakers at a special session on North Korean refugees at the Canadian Maple International School. Wow, it was a wonderful time! * Yeon-Mi Park delivered her first major speech in English. She was wonderful! She told her story (35 minute speech without notes), discussed different aspects of North Korea, and then handled questions from students for more than an hour. She did seem to be nervous at the beginning-she took a deep breath just as she started, looked at me, then told her story from her heart. * Returning from the speech, I told Yeonmi that she had star potential. She told me that she didn't believe it, but I told her that the way she handled Q&A and told her story, I would be lucky to have her still returning my phone calls within a year. * The students had many questions. They have been learning about North Korea. They are now reading "Escape from Camp 14" featuring Shin Dong-h

Helping North Koreans 'strike the blow' (Korea Times)

H ave you ever engaged in action not because you were sure it would change the world, but to satisfy your own heart? That, I emailed to an American friend, is why I have joined the effort to help North Koreans who are trying to escape from their homeland. I can’t change the direction of policy in North Korea or China but I can row the boat I am sitting in rather than lamenting that I can’t steer the yachts somewhere else. So I have tried to do what I can: Attending protests in front of the Chinese embassy in Seoul (and I plan to do so when I visit America in April); donating money to the Citizens’ Alliance for North Korean Human Rights ( www.nkhumanrights.or.kr ); educating myself, writing articles and emailing friends; and, as a member of the board of trustees, I recently submitted a resolution to the Frederick Douglass Memorial and Historical Association (FDMHA) in Washington, D.C., to try to call attention to the plight of North Koreans. Our organization’s missi

Government causing problems: Caffe Bene

According to the Korea Herald : Caffe Bene, the nation’s largest coffee shop franchise, has started cutting jobs and executive salaries, blaming regulations against expansion of its bakery and restaurant chains. Then a funny thing happened on the way to a seemingly bland story: There was actual talk about the Korean government playing a role in damaging Caffe Bene's business. Not just a throwaway line or a final comment at the end of the article, but actually tying the business's problems to the Korean government's policy. Caffe Bene took over bakery chain Mainz Dom in December despite the National Commission for Corporate Partnership’s advice to reconsider the acquisition as the panel was discussing restricting bakery franchises. The state-funded commission last month designated bakeries and restaurants as “SME-only” businesses, barring franchises to keep from opening too many stores or within 500 meters from small bakeries. Large companies in the dinin

Politician commentators

It is often mockingly said that the people who know how to run the country are driving cabs and cutting hair. I have identified a new problem...the people who are running the country are pontificating like they are cab drivers and barbers. WTOP Radio hosts "Ask the Governor" every Tuesday. This past Tuesday, Virginia Gov. Tim Kaine was philosophizing about Michael Vick, the former NFL player now in the slamma for killing dogs. Kaine: "I don't think somebody convicted of charges like this should be back in the NFL." What, Vick should be driving a cab or cutting hair? * * * Perhaps Gov. Kaine would like to assign Michael Vick to a job. After all, if Vick should be barred from playing in the NFL, then would what Kaine have him do? Let's fill-in Kaine's statement with some other occupations: "I don't think somebody convicted of charges like this should... "work as a waiter." "be a construction worker." "work as a tax account

North Korean defector seeks justice (Korea Times)

It was international news when 12 North Korean waitresses and a male manager who worked at a restaurant operated by the North Korean regime in China arrived in South Korea in 2016. The waitresses have mostly maintained a low profile. There have been numerous accusations and assertions, with some saying the waitresses didn't want to escape, some accused the Park Geun-hye administration of playing politics by releasing details of the case, etc., etc., etc. My blog at the Korea Times today features an exclusive interview with one of the former North Korean waitresses who filed a criminal case against the former manager. You can read about it here on the Korea Times website. https://www.koreatimes.co.kr/www/opinion/2023/02/728_345165.html Keep in mind that there are many more facts to the case and that it is much deeper than this brief excerpt of her comments. She also shared legal documents that I shared with the Korea Times well in advance to give them time to review the case. *

The Casey Lartigue Show!

Search This Blog