Thursday, January 03, 2013

Happy BiRRthday

Hey nerds! In case you weren't paying attention, it's J.R.R.Tolkien's biRRthday today.

In honor of the occasion, a week ago I took my wife and (older) kid to see the fiRRst movie in what will be +The Hobbit trilogy (of movies. I know all you nerdlywise people know The Hobbit was just a single book... and more of a kids' story at that, but whetevs).

Anyway, I know there have been a lot of ubernerd reviews of the movie saying it sucks, it's too long, blah blah blah. But those nattering nabobs are just getting their nerdy panties in a bunch because the director added a lot to the story that wasn't in the original book. But take my word for it, it's a good flick. We paid $5 a person to see the matinee and we sneaked in our own drinks/snacks. That brought our total outlay to about $15 for 2.5 hours of entertainment. A great value in today's economy.

And speaking of the economy (and +J.R.R. Tolkien's birrthday), I wanted to pass along the discussion about The Macroeconomics of Middle Earth that I found on the fun Worthwhile Canadian Initiative blog.

The full economic impact of Smaug can only be understood by recognizing that the dragon's arrival resulted in a severe monetary shock. On the left is shown Smaug's hoard. On the right, for purposes of comparison, are the gold reserves of the Bank of England. It is clear from a simple inspection of these two figures that the amount of gold coinage Smaug withdrew from circulation represents a significant volume of currency. This would, inevitably, lead to deflation and depressed economic activity.

There are also a lot of great comments. I assume they're all well-considered and rational, although I can't say I read every word. I did read enough to come to the conclusion that we should probably hire a company of these Worthwhile Canadians (and possibly a Hobbit burglar from somewhere), send them to The Lonely Mountain of Washington, D.C., and have them slay the evil dragon of political expediency that has imprisoned our national economic recovery.

Of course, I guess there's such a thing as taking a metaphor too far.

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