Potpourri

Jayson Lusk of Oklahoma State University takes on Nassim Taleb's analysis of risk and GMOs. Taleb suggests that catastrophic but statistically improbable events implies we shouldn't use GMOs. Further, he suggests that biologists can't judge risk or causality.

Don Boudreaux of George Mason University has an interesting quotation and short discussion on "sticky wages," one of the fundamental assumptions of Keynesian theory.

With Chipotle on another anti-commercial-ag tirade, here's a post from last year by the world famous Peterson Farm Brothers.

Despite increases in federal gov't spending on cybersecurity, breaches are on the rise.

Nielsen poll suggests that consumers pay more for what they perceive to be "better" food. Of course, this includes food that goes by such scientifically-dubious monikers as "organic" and "all natural." The recent dramatic increases in beef (and therefore calf and breeding stock) prices certainly corroborate this.

McDonald's continues its campaign to assuage the fears of consumers about its food. In this case, it's their french fries.

John Cochrane of the University of Chicago brings up an old paper by former Federal Reserve economist Charles Plosser that reminds us that price deflation isn't necessarily a bad thing.