20 February, 2007

Cows and financial markets

Widgets are often used to illustrate concepts of economics, but I have long believed that cows bring far more value to the table. (To begin with, widgets can’t moo.) This is beautifully illustrated by a piece by Mark Gilbert in which he presents us “the world of money recast in bovine terms.”

Can anyone tell me where I could purchase a Collateralized Lactating Obligation? Even I want to play…

(Link via separate emails from Neelankantan and Anand Krishnamoorthi.

Previous posts on cows: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31 , 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 80, 81, 82.)