For $1 million, would you agree to eat nothing but dog food for one year?

This is a no-brainer, or so I thought.  Before asking my extended family this question at a family gathering this weekend, I assumed that everyone would agree to my hypothetical proposal.  As distasteful as it might seem at first, I assumed that everyone in the room would (if given the opportunity) agree that they would eat nothing but dog food for one year in return for $1 million.

I write this post having tasted dog food on two occasions in past years.  On those two occasions, I’d chomped on a nugget of dry dog food, the kind that comes in a 40 pound bag.  I thought it tasted like cardboard, but it was not disgusting.  On the other hand, it was not food I would be inclined to eat again unless given an incentive.  Note: I have smelled canned dog food before, and I would not be inclined to eat that stuff.  The canned dog food I smelled had a strong disgusting odor to it.  It looked and smelled like it was no longer safe to eat.

So there I stood with various members of my family in my mother’s kitchen when I raised the question: who would be willing to eat nothing but dog food for the next year in return for $1 million?  To my surprise, the rejections and objections started pouring in, even though I went first and even though I proudly stated that my answer was absolutely “yes.”

Two of my sisters and my mother each …

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How (corn) ethanol kills: a lesson in basic economics pertaining to fuel supply, fuel demand and price.

In an earlier post, I argued that people need to better appreciate that dollars are fungible (see here  and here).  Why is it important to understand that dollars are fungible?  A case in point is the new American enthusiasm for turning food into fuel. Consider this report from Fortune Magazine:…

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We are naive fools to wait for the free market to save us from impending shortages of critical natural resources

“The free market–the invisible hand–will take care of everything.”

I’ve addressed this topic of the free market as alleged panacea several times before.  I’ve referred to this blind faith in the market as unsubstantiated.  I’ve mockingly referred to the common belief in the wisdom of the invisible hand as a belief in the Fouth Person in the Holy Quartet.  Why mock?  Because stark shortages of critically important natural resources loom in every direction.   And yet we’re in denial. You deny the denial?  Then how is it that we tolerate, this year, big U.S. metropolitan areas like Raleigh-Durham and Atlanta had only a few weeks left of their municipal water supplies?  We tolerate that we are drawing down unreplenishable water sources throughout the desert southwest.  Intelligent civilizations don’t deny such dangers.  They consciously deal with their problems.

I’ve just read a well-phrased description of why the modern version of the free market can’t save us from our problems regarding impending shortages of essential natural resources.  The following quote is from a new book available free on-line from Population Connection: PLAN B 3.0: Mobilizing to Save Civilization, by environmental analyist, Lester R. Brown (2008).

Now with the economy as large as it is, the indirect costs of burning coal—the costs of air pollution, acid rain, devastated ecosystems, and climate change—can exceed the direct costs, those of mining the coal and transporting it to the power plant. As a result of neglecting to account for these indirect costs, the market is undervaluing

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Eat whole grains to save your life

The March 2008 addition of Consumer Reports contains an article called "Nine Ways to a Longer Life."  There's lots of common sense advice, such as get enough sleep, exercise and don't smoke.  There is also some less-obvious good advice, including the need to eat the right kind of fat.  For instance, the…

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The sad sad story of downer cows and the USDA

I learned of the issue of "downer cows" by reading a report on Common Dreams: You wouldn’t think you could “spin” a video that shows slaughterhouse workers electric shocking downer cows, “water boarding” them, jabbing their eyes with herding paddles and ramming them with forklift blades while they squeal in…

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