Sunday, January 3, 2010


First Murphy's Law, Now This

Scott Sumner has rechristened the URL on his blog. (Apparently his inflationist views were being confused by too many people with Bentley automobiles.) He now has a "deep thoughts" post up where he asks, "And are there negative bubbles? If so, what are they called? And why don’t people talk about them?"

I answered:
My popularity in high school was a negative bubble. Everyone agreed that on paper everyone should want to hang out with me, and yet no one did. I propose defining a negative bubble as a Bobby.

ZING!! Ha ha--very good one!!

I do like an economist with a sense of humor.
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