Good read. I’ve not heard of this site before, so now I’ll check out some of their older stuff! Looks like a few years of content history to browse 🙂.

Thanks for sharing!

More detailed background: https://en.wikipedia.org/wiki/Elasticity_(economics)

Price is rarely 1% for 1%. Some things people will still use in similar quantities even if there are high price increases (e.g. life saving medication). Others people will stop using even if there are small price changes.

Don’t put a quote mark in your password! I learned the hard way with password’drop table users;’

/S

Two of my favorite are from Antoine de Saint-Exupery:

“What makes the desert beautiful is that somewhere it hides a well.”

“We do not inherit the Earth from our ancestors, we borrow it from our children.” (Also attributed as a Native American proverb)