Construction of the work around the Federal Reserve building on September 17, 2024 in Washington, DC, United States
Anna Moneymaker | Getty Images News | Getty Images
Homo Economicus, or “economic man”, is an idea that portrays humans as rational beings. This hypothesis was used to build models of the economy and, more broadly, society.
The great defect in this theory is the supposition of logic in humans. We know, on a daily basis, how fragile this notion is. We have to control our blood cholesterol, but the crunch of this fried chicken is irresistible.
On Thursday, the United States Director of Management and Budget of the United States, Russell Vought, accused the president of the Federal Reserve Jerome Powell of shooting the budget to renovate the central bank of around $ 700 million.
In the same breath, he also asked why there was no “terrace gardens on the roof, VIP private dining rooms and elevators, characteristics of water, high -end marble and much more” built, as originally planned.
To be fair, if all the allegations are true – that the luxury promised is in the budget had been omitted while the costs had highlighted expectations – it would be constitute mismanagement. At this stage, however, the budget or the fountain must give.
The accusation, more fundamentally, raises the question of whether US President Donald Trump – who has embarked on several tirades against Powell – will use this incident to start the Fed chair.
The idea of ​​”Homo Economicus” was widely criticized at the end of the 20th century. Thanks to psychological experiences, economists have proven that no human is fully rational. But, really, have they had to go to such lengths?
– Dan Pangan contributed to this report.
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And finally …
An electric car in a charging station in the Norwegian capital of Oslo on September 25, 2024.
Jonathan Nackstrand | AFP | Getty Images
Tesla’s obsession in Norway challenges European musk.
Tesla recorded a 54% leap in annual shift in new car sales in Norway in June, according to data from the Norwegian Road Federation, fed by an annual increase of 115.3% of recordings for its model sports utility vehicle.
The Tesla Model seems particularly popular in Norway because of its competitive price and the fact that it meets the local demand for significant luggage space, high release, all -wheel drive and a hook, said Christina Bu, secretary general of Norwegian EV Association.
– Sam Meredith
