Patrick's Rants



12/3/2009

Lessons in Economics

Filed under: It's a dad thing,Money — site admin @ 7:25 am

The other night my wife received a text message from Verizon that told her that one of our phones had gone over its allotted minutes for the month. If I recall it was the day before Thanksgiving. Of course it was my daughter’s phone (the phone we allow her to use, not that she purchased it). My first reaction was to snatch the phone away from her, which I did. Of course I over reacted and the correct thing to do is to lock the phone down during the peak hours – which one can do with Verizon. So the phone is locked down until the first day of the next billing cycle December 7.

A few weeks ago, S asked if I would help her with her Economics class coming up next semester and I told her I would. And now she has learned the first lesson, scarcity of resources.

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