In Britain, a picture of the recession is beginning to fall into place. One statistic which must surely be a leading indicator in this country is the consumption of baked beans. April 2009 sales of baked beans compared with April 2008 have risen a whopping 21.6 percent, according to the BBC
here.
Time to re-visit Greg Mankiw's
discussion of the flat-ulence tax....and the broadening of its application...
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