The Undercover Economist Strikes Back Quotes

“Since we decided a few weeks ago to adopt leaves as legal tender, we have of course all become immensely rich. . . . But, we have also run into a small inflation problem on account of the high level of leaf availability. Which means that I gather the current going rate has something like three major deciduous forests buying one ship’s peanut. So, um, in order to obviate this problem and effectively revalue the leaf, we are about to embark on an extensive defoliation campaign, and um, burn down all the forests. DOUGLAS”
― Tim Harford, The Undercover Economist Strikes Back: How to Run--or Ruin--an Economy

“Anyone who insists that running a modern economy is a matter of plain common sense frankly doesn’t understand much about running a modern economy.”
― Tim Harford, The Undercover Economist Strikes Back: How to Run--or Ruin--an Economy