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EScroogeJr (< 20)

...And a good book by Lewis

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May 12, 2008 – Comments (1)

An excellent book: Hunter Lewis, "How much money does an economy need?" A very concise, no-nonsense discussion. Balanced coverage of the opposing economic theories. The book explains the views of Keynes, Mises, Hayek and others in simple terms, covers the policies of the Federal Reserve, and provokes you to formulate your own theory. And all of that takes only about 100 pages. The author really knows how to conserve the reader's time. A recommended reading for everyone. The book is reasonably priced at $17, but it's far more cost-efficient to read it for free during a visit to your local B&N. It will take you about 90 minutes to pick the main ideas. By the way, if the store sells coffee, don't forget to buy a medium cup before you start reading. It will facilitate your understanding of the book and besides, I need to get my SBUX score to the positive territory, it's runing the scorecard. Their service is definitely getting worse, but the coffee is still excellent.

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#1) On May 12, 2008 at 3:33 PM, leohaas (36.12) wrote:

"Their service is definitely getting worse, but the coffee is still excellent."

You are revealing a part of the problem SBUX is facing. Brewing coffee isn't all that complicated (I can do it and I am pretty good at it, so it must be easy). The cost of a cup is less than a quarter. Selling it at $3 is a challenge. Customer service is an important ingredient for their business model. Why not stop at Dunkin Donuts, Seven Eleven, Wawa, or even McDonalds to buy that same cup for a little over a buck?

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