When do you have enough?

I still remember the day that my fellow student Joe Vohlers died. News spread quickly on campus, and we set aside textbooks to gather in cramped dorm rooms, televisions blaring. We were stunned. Joe had keeled over suddenly from heart trouble, gone from the popular crowd to — dead,…

Whoops, there’s the labor market

In a little town in Ohio (pop. 690), there are hundreds of factory workers, several dozen farmers, three bar owners, three pastors, a convenience shop owner, several schoolteachers, a postmistress, and several firemen. While sustained by the local economy, workers are heavily dependent on a multi-town economy for shopping, banking, and…