Tuesday, May 11, 2010

Neil Gaiman Knows the Economics, but the State of Minnesota Doesn't

Neil Gaiman of Sandman fame understands the economics behind the value of his work (and leisure) time. On his website he makes some interesting points about the most absurd public demands on a celebrity writer and on what some people consider to be exorbitant talk fees (HT Mankiw): $45,000 per talk.

On the other hand, I can only shake my head in disbelief when I realize how badly my Minnesota taxes are used by our government. This all happens while the University of Minnesota has been cutting back salaries and some arguably more important programs (although, to be fair, some salaries and nonessential programs deserve to be cut - but the pearls go with the waste). File this one under government failure, big time.

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