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Economics

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Warcraft Economics – Auctions, Profiteering, and Helping Others

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I love to play World of Warcraft.  Questing, killing beasties, gaining achievements, and Player vs Player are just entertaining things to do on a nice relaxing evening. One of the great things about WoW, as it is known, is that there are so many different ways to play the game.  One of my most enjoyable things to do, though, is profiteering.  I farm expensive materials, gather sellable quest items, and pick up items from vendors in my travels for resale.

My favorite way to find things to sell, though, is to scan the auction house for items that are, frankly, being sold too cheaply.  I buy them at the seller’s asking price, and immediately place them back up for sale at a higher price.  The price I sell for more closely matches the price that the market will bear.  Sometimes, I can multiply my investment several times on one item.

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How to Save the US Auto Industry

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As the arguments have gone on about how to bail out the US auto industry, I’ve thought a lot about it myself.I believe that the US auto industry can be saved with some rather simple steps.  Primarily, these include such common-sense things as un-crippling the automakers, reforming the automotive market, and trying some innovative experimental tax reform.

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My Advice for President-Elect Barack Obama Pt. 1

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Now that Barack H. Obama, the only messiah to actually have H. as a middle initial, has won the election, he can assemble his transition team, staff, and advisors. Since I’m a firm believer that not all advice should be taken from people who believe exactly as you do, I am applying for a role as advisor to the future-president. With that in mind, I am offering a series of short pieces of advice in this blog.
**Part 1 – Middle-Class Tax Credit**
There are undoubtedly plenty of people in America who think you were serious about your tax-cut plan. That happens every presidential-election year, so it’s not surprising. Now, though, it’s time to start transitioning the promises into realities. Now it’s time to break your promises while making it look as if you really tried to keep them.

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