
Probably not news to our resident economists, but apparently there have been recent studies showing how monkeys demonstrate some of the basic principles of economics when forced into a simple economic system. With just a simple system involving the exchange of metal disks for food, the monkeys demonstrated supply & demand and risk aversion. Unfortunately, they also developed the concepts of theft, bank robbery, and plasma-screen TV looting. (Ok, just kidding on the looting...)
I just heard that Allen Greenmonkey just lowered the interest rate.
ReplyDeleteGreenmonkey raised the interest rate 1/4 point. He left plasma TV looting alone, however.
ReplyDeleteI'm cool with the whole monkey-economy thing...well, until they develop program traders or hedge funds that is...
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