Monday, October 19, 2015

Global POV Project

This video was sent to me by a student. It makes some interesting points. I'm not sure I understand all of the points made, but I'll have something to think about it. I think the presentation is outstanding. The author combines hand lettering which I'm passionate about with watercolor, sketches, and paper crafting to make her points. Indeed.

Sunday, October 11, 2015

Why is Beer so Expensive?

In this short video produced by an adjunct profession at George Mason University, an entertaining method is used to show why beer is so expensive. The authors point out that taxes are the reason for the high cost of beer. I was wondering why. Of course, alcohol is a negative externality, but I think the reason is that taxes act like a variable cost that deters competition. By adding taxes to the per-unit cost of a glass of beer, competitors will have to have economies of scale in order to compete. Only a few companies have the infrastructure in place to make a profit on a glass of beer. This site estimates that profit per ounce is about $0.17 per ounce (340/1984). Some of the cost is the pour cost. I like the Learn Liberty series, because they are short and well thought out. I am not sure I always agree with them so please do your own due diligence.