Diminishing Marginal Utility and Joe Satriani

When I was in graduate school I taught accounting to undergraduates. Accounting is arcane and so I struggled to find analogies that my students could understand.

For instance, the classic accounting equation is assets = liabilities plus equity. This being the 80’s, I could assume that consumers had some equity in their houses or cars… so I would use a newly purchased car as an example. If you buy a car for $12,000 and put $1000 down and owed $11,000 you could then use the $12,000 = $11,000 + $1,000 model. Now I realize that the more savvy purchasers out there will realize that a car driven off the lot loses a substantial portion of its value almost instantly, so maybe the value is really $10,000 and then the model has a negative equity of ($1,000), but I wouldn’t start the classes out here.

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Christmas 2: Kim Shattuck’s Holiday Podcast

I have said it before, the greatest rock group of our era is The Muffs. Their lead singer, guitarist and songwriter is the wonderful Kim Shattuck. She has had a series of ultra-groovy holiday podcasts.

Dig this totally groovy 2007 Christmas podcast. Good music to wrap presents by.

Her 2006 podcast, part 1 is here, and part 2 is here. The 2005 podcast is here.